Transcript

0:00
[techno music]
0:05
– So for this episode of new business ideas.
0:07
We are specifically focusing on blockchain
0:09
and Cryptocurrency companies.
0:11
So here we have Chad with Heroic.
0:13
We have got John with Consensus.
0:15
And we’ve got Brian with…
0:16
He’s got an incubator.
0:18
I keep calling it incubator.
0:19
What’s the actual name of it.
0:20
– Right now I’m with BlockV.
0:22
– BlockV.
0:22
BlockV.
0:23
I was gonna say BlockV, but I’m like “No.
0:24
“That’s not what it was.”
0:25
Okay.
0:26
So to start off, what was your first company?
0:30
And how old were you when you started it?
0:31
I mean mine, I was like 12, and it was a
0:33
lawn mowing business.
0:34
And really my dad started it, he just told me what to do.
0:37
What was yours?
0:38
– So my first business was actually…
0:39
My dad was an entrepreneur and he had a
0:42
ceiling fan business.
0:43
We lived in Arizona and everybody needed ceiling fans.
0:46
And I would sit outside of his office
0:49
and make paper airplanes, and sell paper airplanes
0:52
to the people that would walk by.
0:53
And I did fairly well.
0:54
– For like 10?
0:55
$20?
0:56
– No, probably a $1 or $2.
0:58
But it would give me enough to go and get some candy
0:59
at the 7-Eleven right next door.
1:02
And that would probably be my first business.
1:04
– Okay, John.
1:05
– Alright.
1:05
Mine was probably, I didn’t start very young.
1:08
Mine was probably when I was 18, maybe.
1:11
I was in college.
1:12
Did advertising class, where we put together
1:14
a spec advertising campaign for watches.
1:18
And I loved the campaign so much that I decided to
1:21
start importing watches from China and try actually
1:23
like going forth with this advertising campaign.
1:25
To actually test it out.
1:27
And kinda did that for maybe two years and then
1:31
for reasons that all startups kind of fade eventually.
1:34
Or not all startups, but ours faded.
1:37
– Okay.
1:38
And Brian, with BlockV.
1:40
– Yeah, so I guess I was an old man,
1:42
compared to you guys.
1:44
You know, I did a lot of stuff in the early days.
1:46
But the first kind of business I ran,
1:48
where I paid taxes on it was in…
1:51
I think I was 23 years old and it was right here in Provo.
1:54
And I actually took over a mattress company.
1:57
So a BYU student started a mattress company.
2:00
Selling mattresses out of, I guess, storage units.
2:04
And at the time, they were selling like five,
2:06
10 mattresses a month.
2:07
And so my friend and I, we took over the company.
2:10
And we built it up to where we were selling
2:12
like 80 mattresses out of a month.
2:14
I’m sorry, per month.
2:15
And what would happen is, by appointment only,
2:17
people would show up, we’d open up a storage unit door.
2:20
There’d be six mattresses laid out, like a showroom.
2:23
People would come lay on em and they’d say,
2:24
“Ah. We want this one.”
2:25
And I’d go right next door.
2:26
Open the next storage unit, and there was my inventory.
2:29
I’d throw it in my pickup.
2:30
And go drop it off.
2:32
– Was this in Utah?
2:33
Cause I may have been one of your buyers.
2:35
– Right here in Provo.
2:35
– Yeah I was probably one of your buyers.
2:36
– Awesome.
2:37
I love it.
2:39
That was my first thing that I had a business,
2:41
paid taxes on it, and things like that.
2:43
And it was so much fun.
2:44
– Now there’s a lot of mattress companies around.
2:46
Like Mattress Firms.
2:46
They’re on like every single corner.
2:48
Like, I don’t know, I was watching a video last night
2:50
it said it was a conspiracies theory to launder money.
2:52
Like there’s too many of em for…
2:54
– There’s such a large markup on mattresses that,
2:57
you know, you don’t have to sell many to actually
2:59
you know cover your overhead, and make a couple bucks.
3:02
So, as just a young dude, married with one kid,
3:06
we made enough money to just have fun, survive,
3:09
and run my own schedule.
3:11
– Okay.
3:12
So perfect.
3:12
So let’s start with you Brian.
3:14
What is your new business idea?
3:16
Probably, I’m assuming it isn’t gonna be in block chain.
3:19
Yeah, so let’s put 30 seconds on the clock.
3:21
Do your intro or elevator pitch,
3:23
and let’s hear it.
3:24
– Yeah.
3:25
For me, I’ve always been a little ADD.
3:27
Jumping from idea to idea.
3:29
Even when I wasn’t an entrepreneur,
3:31
I was workin for other people.
3:32
I couldn’t spend more than two years somewhere,
3:34
cause I wanted to go learn something else.
3:36
I wanted to move onto the next thing.
3:38
So for me, if I wasn’t with BlockV, I would start
3:42
an incubator accelerator where I’ve got connections
3:46
with marketing, and funding,
3:48
and legal developers in this space.
3:52
We need more people building more cool things.
3:54
And so for me, I want to launch that accelerator
3:58
that incubator, where ideas are coming in.
4:01
It’s similar to Consensus.
4:04
Which can be talked about, ya know, here in a bit.
4:07
But really the idea is to get more entrepreneurs
4:09
doing more cool things in this space.
4:12
We just don’t have enough people building.
4:14
Even though, when you look around and say,
4:16
“Oh man. This is everywhere. And everybody’s
4:17
“talking about it.”
4:18
There’s very few people actually working in this space.
4:21
There’s a lot of people buying tokens,
4:23
and coins, and speculating.
4:26
But there’s not a ton of people building.
4:28
And so I want to help that move forward.
4:31
And really bring some of these cool ideas to light.
4:34
– Okay.
4:35
It’s gonna be hard for the good idea, bad idea segment.
4:37
Because I think something like that
4:38
would be very, very valuable from my perspective.
4:40
But let’s say good idea, bad idea.
4:43
We’ll start with Chad.
4:45
– Well I think it’s a great idea specifically because
4:48
we do need this.
4:51
There is a huge need right now for people that know
4:55
blockchain development.
4:56
That have some experience in it.
4:57
Because it’s so new the workforce right now is so little.
5:02
And not only do we need developers, but we need really
5:07
good companies that are training developers.
5:09
And holding their hand,
5:10
and taking them through the process.
5:12
And really giving them an opportunity
5:14
to learn on the job.
5:17
And I love it.
5:18
Is that part of the thing, the training piece?
5:21
– Yeah, you bet.
5:22
You bet.
5:23
So I own a domain called Blockchainbootcamp.com
5:25
And part of the reason I own that is simply to say,
5:29
there’s so many good developers out there that aren’t
5:31
working on blockchain technologies.
5:34
And every company out there,
5:35
BlockV, Consensus and others.
5:37
They’re all looking for good developers.
5:39
Heroic.
5:40
I mean they’re really hard to find.
5:43
That’s number one.
5:43
But number two is, there’s a lot of entrepreneurs
5:47
who have a good idea, but they don’t know the
5:49
legal ramifications of what they’re doing.
5:51
They don’t have marketers that can actually
5:53
distill their message.
5:55
And present it to the community
5:56
in a way they can understand.
5:58
You know?
5:59
So there’s a lot of pieces to launching a company.
6:02
And so this accelerator would bring whatever piece
6:05
is necessary for a certain company
6:07
to actually get to market.
6:08
Developers is one of the big pieces.
6:11
– How does someone actually begin
6:12
building a blockchain business?
6:13
Or something on like a ethereum or something like that.
6:15
Cause like to me it just seems really like,
6:17
I know how to build a website.
6:18
I know how to build simple, you know,
6:20
mobile apps with my teams, but the concept
6:22
of actually like plugging into
6:23
a theorem, I’m clueless on.
6:26
– Can I touch on this one point, though?
6:29
Just coming from a Consensus standpoint,
6:31
where that’s kind of their model, right?
6:33
Is like a…
6:34
I think that the execution of it is really important.
6:37
And not only…
6:39
Is BlockV its own Block Chain or
6:41
is it a company that is on top of…
6:44
– Yeah.
6:45
So let’s make a distinction real quick.
6:46
So I’m with BlockV right now.
6:47
But this is my next idea, right?
6:50
Well BlockV is Block Chain agnostic.
6:52
– Got it.
6:53
Okay.
6:54
Cause the reason I ask is that Consensus
6:56
is so interesting because it’s not necessarily
6:58
just a production studio for these different businesses.
7:02
But it’s also a spokes, like a bolster for
7:05
theorem itself.
7:06
And it makes so much sense for Joe because it’s like if
7:08
you have a large stake holding in a ethereum in general.
7:12
It doesn’t even matter if most of em fail, as long as
7:15
everybody is talking about a ethereum.
7:17
And people are pushing forward ethereum.
7:18
All the businesses can fail and he can still win,
7:21
because if ethereum succeeds then he succeeds.
7:23
– Isn’t that the great thing about
7:25
blockchain technology though?
7:26
I mean once you’re in, that’s how this
7:28
whole thing started was a community
7:30
that cared about bitcoin.
7:32
So they were incentivized to go out and talk about it.
7:34
Build things.
7:35
You know.
7:36
Get, get people involved.
7:38
And then we see ethereum come out and those
7:39
who hold ether they want people to be building on
7:43
top of ethereum.
7:44
They want it to work.
7:45
And so even with BlockV, we have our own native token.
7:48
And we want people building on top of our platform,
7:51
because we all win if people are buildin on top of BlockV.
7:53
Because BlockV is also tied to ethereum and bitcoin
7:59
and other blockchains.
8:01
So that’s what I love about this industry.
8:02
It’s so open.
8:03
It really allows for working together in a way that
8:09
no other industry I’ve seen has done.
8:15
– Absolutely.
8:16
One of the things on that is, you know,
8:17
really what block chain is…
8:20
The internet is a data exchange protocol.
8:24
Data goes back and forth.
8:26
And what block chain is, it’s a value exchange protocol.
8:29
It provides access to significant value.
8:33
And giving, getting people on board, and helping
8:37
train them, and helping build on top of that,
8:39
just magnifies that value.
8:41
Like with ethereum.
8:42
Getting as many people onto ethereum,
8:45
and building on top of it, it just magnifies
8:47
the value of it.
8:48
And helps the community move forward.
8:51
– Perfect.
8:52
Now what is BlockV?
8:53
Do you want to give us a rundown of what that is?
8:55
And how people could get involved, or partner with you?
8:58
– Yeah, you bet.
8:59
So BlockV is, we call it block chain three point o.
9:02
Because we’re talking about bringing the experiential
9:04
layer to block chain technologies.
9:07
So, we talk about interface moments,
9:10
for, you know, the internet.
9:11
For browsers.
9:13
We talk about the interface moment for apps.
9:15
So the app store, you know, Apple.
9:18
We believe BlockV is the interface moment to blockchain.
9:21
So getting the normal.
9:23
I say normal.
9:25
Getting my mom and dad involved using
9:27
blockchain technologies without them even knowing.
9:29
So it’s a, it is a platform that allows developers
9:33
to create smart, digital objects.
9:35
So that they serve kind of like apps,
9:37
but they have the characteristics of Cryptocurrency’s.
9:44
Exchangeable, ownable, shareable.
9:47
And so it allows for all kinds of cool
9:50
business models to be built
9:51
on top of BlockV.
9:53
One of em is Smart Ticketing.
9:54
You know.
9:55
Where you, at the end of a concert, your ticket
9:57
actually morphs into, let’s say,
9:59
a special edition ticket stub.
10:00
It’s on the blockchain because
10:02
you want to show ownership.
10:04
You were at the concert.
10:05
You own this.
10:05
But maybe you went to a U2 concert with your girlfriend,
10:08
and she doesn’t care, or you don’t care about Bono and U2.
10:12
So now all of a sudden you have this digital object
10:15
that has value.
10:16
Well now you can put it on our marketplace
10:18
and sell it to a fanboy that’s collecting
10:20
these objects of value.
10:23
These ticket stubs that are special edition.
10:26
That’s just one use case.
10:28
But we have medical use cases, gaming use cases,
10:31
and it’s all being built on top of our platform.
10:34
– What would be like an example of a medical use case?
10:36
– Yeah, so, imagine a, we call em vatoms.
10:41
Those are virtual atoms.
10:42
Imagine this object gets sent to you from your doctor.
10:45
It’s prescription bottle.
10:47
And in real time, every time you take a pill,
10:49
for instance, you click it,
10:51
and you can see it go empty in real time.
10:54
As soon as it goes empty it automatically triggers
10:57
connection to your prescription provider.
10:59
It says, “Okay. This person is out of their
11:03
“whatever the drug is.”
11:04
Right?
11:05
And so there’s this way that
11:07
there’s a communication now.
11:09
So as soon as it goes empty, a chat bot opens,
11:11
and now your chatting with the pharmacy.
11:14
And you get a refill ordered for you.
11:16
And as soon as that refill gets ordered,
11:18
you get a ping on your phone, and now all
11:20
of the sudden that bottle is full with pills again.
11:21
You’re like, “Ah. Okay. I can go pick it up.”
11:24
And it allows the pharmacy to actually
11:27
communicate with you directly.
11:29
And it’s an experiential way for you to manage
11:33
that usage of the drug.
11:35
– Perfect.
11:36
What about for gaming?
11:37
How would BlockV help with that?
11:38
– Yeah.
11:39
What’s really fun about gaming is there’s one company
11:41
we’re working with.
11:42
They own 15 different titles.
11:43
– Okay. – Of games.
11:44
– And what they want is they basically want
11:46
to put objects, like Easter eggs,
11:48
in all of the different games.
11:49
And if you find that object,
11:51
you can actually extract that object
11:53
from that particular game.
11:54
Send it to your phone, in what we call a viewer,
11:57
which is an app.
11:58
You can then sell that on an exchange.
12:01
You can prove ownership of it.
12:03
Or you can actually import it into a different game.
12:05
So you might be in a game where it’s like swords,
12:07
and bows and arrows, and you’ve got a bazooka.
12:10
And everybody’s like, “Where did you get that bazooka?”
12:13
But actually you found it in a different game
12:15
and they were able to import it over.
12:17
So there’s this interoperability between objects.
12:20
So it doesn’t matter where you get the object.
12:22
Pokemon Go style.
12:25
You could take that object and drop it on a map
12:26
and somebody else can come pick it up.
12:28
And now they have that object that you shared with em.
12:30
– Okay.
12:31
Perfect.
12:32
Well thank you so much for sharing your idea.
12:33
Before we head out is there anything you guys
12:35
would like to add to, ya know,
12:37
to anything that Brian has shared?
12:38
– No.
12:39
I mean I have questions, but I don’t want to take up like…
12:40
– What’s your question?
12:41
– I don’t want to take up the entire time.
12:42
– Do it.
12:43
Go, go.
12:44
– Well so, one of my questions is, is for the first one
12:47
it’s like heavy in the internet of things, right?
12:49
Is this a blockchain that is focused on internet of things?
12:51
Like with the prescription pill, ya know,
12:53
and coming up with devices that are interfacing with it?
12:56
Or, like what’s the three point o portion?
13:00
Cause some of the use cases that you were talking about
13:02
I would see are available with
13:05
current day blockchain technology, right?
13:08
– Yeah, yeah.
13:09
No, you’re right.
13:10
So the idea is these objects are actually programmable.
13:14
So…
13:15
– And when you say objects, are these digital objects?
13:16
Or are these actually in real world objects?
13:19
– It can be either.
13:21
But, for instance, let’s say,
13:22
you’re familiar with CryptoKitties?
13:24
– Yeah.
13:24
– Right.
13:25
CryptoKitties was just pictures of cats, really.
13:28
And on the backend there’s code and it says,
13:30
“Okay. If you breed this type of cat
13:31
“with this type of cat, you could get this
13:34
“special edition CryptoKitty”.
13:36
And so there’s value in that.
13:37
Well imagine if that CryptoKitty was actually
13:39
like a 3D object.
13:40
They could change in real time,
13:43
and morph in real time based on code
13:45
that’s on the backend.
13:46
So that when you breed it, you get
13:49
a different experience than if it’s just
13:51
being like a picture.
13:53
And then you go, “Well actually
13:55
“I don’t want this one anymore. I’m just
13:56
“gong to share it with somebody.”
13:57
Well it can be shareable or it can just be
14:00
one copy of it as a limited edition item.
14:02
Where I could just send it to you.
14:04
And you have a viewer.
14:04
And now you have that cat,
14:06
and you can prove ownership of the cat.
14:07
Right?
14:08
I mean that’s…
14:09
So the idea is to say there’s these objects
14:13
that should be able to be programmed.
14:16
And have, again, the properties of Cryptocurrency.
14:19
That right now, apps lack a lot of those properties.
14:26
BLOCKv.io and you can read about it.
14:28
– Perfect.
14:28
– Watch a video.
14:29
– And do you have an initial first use case?
14:31
Like a, your first, like we are going
14:34
to do this thing first.
14:36
– Well what’s fun is we’ve already done quite a few things.
14:39
So one of em is Abundance 360.
14:40
Are you guys familiar with Abundance 360 the conference?
14:43
– Mm mm.
14:44
– Peter Diamandis, founder of XPRIZE,
14:46
Singularity University.
14:48
Kind of a big futurist.
14:49
He has a conference every year.
14:51
The attendee’s pay, ya know, I think it’s $12,500
14:55
for this conference and they become
14:58
a part of Abundance.
14:59
This group.
15:00
So this year they actually used us for their
15:03
ticketing system and for their raffle giveaways.
15:06
So what would happen is when somebody signed up
15:09
and said, “Okay. Yeah. I wanna go to Abundance 360.”
15:12
They got a vatom, which was a ticket vatom.
15:15
In that vatom was all the information of the venue,
15:17
the time, where to meet,
15:18
where the registration is,
15:20
but it was also a redeemable ticket.
15:22
So when somebody showed up they would say,
15:24
“Oh. Here’s my ticket.”
15:25
The worker would tap it and redeem it.
15:29
As soon as it was redeemed, it automatically
15:31
morphed into a video of Abundance 360.
15:34
Saying, “Hey. Thanks for being here.”
15:37
You know.
15:38
And it showed this video of last years conference,
15:42
or whatever.
15:43
Then they got another one that was for a raffle.
15:46
So it was kind of a random number generator
15:48
on the backend.
15:49
And so everybody in the room would hold their phone
15:52
and they’re watching to see if they receive the vatom
15:54
for this giveaway.
15:57
It was up on the screen.
15:58
And so that was all programmed on the backend,
16:00
through our platform.
16:02
So that’s a real life use case that’s been done.
16:06
And now everybody that went to Abundance 360
16:08
has kind of a keepsake.
16:10
They can prove they were there.
16:11
They can show ownership of their ticket.
16:14
And again, that’s just a very simple use case
16:16
that we’ve done.
16:17
– Perfect.
16:18
Well thank you so much for sharing your idea
16:19
and join us next time for John to share
16:22
his new business ideas.
16:24
So, thank you so much for joining us guys.
16:26
[techno music]

 

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