Shervin Pishevar believes in the importance of small business innovation. It is critical to make the distinction between innovation that occurs at large organizations from small enterprises. Shervin Pishevar discussed the harm that monopoly-like corporations have on an economy. This is more critical in the technology sector because of how fast innovation and adoption occur. Companies like Amazon, Google, and Facebook all excessively impact the world. They shape minds whether done with good intentions or simply though normal business practices. In fact, programmers often point to single hardware types supplied at schools as limiting the education of future computer technicians. If even the most technical are susceptible, one must agree with Shervin Pishevar that the state of modern innovation is in jeopardy.
The move toward decentralization in fintech is not a passing fad. The decentralized blockchains like Bitcoin and Ethereum illustrate this need. Initial Coin Offerings (ICOs) were indeed exciting. Many valuable projects developed out of the craze. Scams ICOs were also prevalent. But today, investors have a deeper understanding of what ICOs should become. With crypto prices much lower than a year ago, there are significantly less scam ICOs. Instead, blockchain technology has peaked the interest of more serious innovators. The crypto market today is less about garnering enthusiasm to understand and find a use for crypto than it is about refining the technology specific to a project need. This is the type of specialized innovation that fits the Shervin Pishevar model of a healthy economy.
Security Token Offerings (STO) are replacing ICOs. A blockchain Coin differs from a Token. A Coin has its own blockchain. A Token uses the service of a main blockchain. This has significant implications for the US Security and Exchange Commission. One of the reasons that the cryptocurrency market has fallen is because of looming regulations. Yes, scams were a significant problem. However, quality projects can survive scams. Regulations make it a bit tougher for new projects to get under way. They also weed out less dedicated efforts. In the end, STOs represent a decentralized network to launch digital enterprises with peace of mind.