Welcome to another video by www.christian-john.com with this one being blockchain following on from an email from an interested party in regard to establishing renewable energy through a blockchain based delivery network by a non-profit organisation called BSV blockchain. I stated that I would produce a video if they did not reply to my email and offer of consultancy and unlike most others involved I am a man of my word, so here goes.

 

There are a few aspects that need to be stated around blockchain and its use and then around its potential for the application stated and what are the issues with the company and its intended use. So, like all my other videos here you will hear what few are capable of speaking or talking about, so let us begin.

 

Blockchain as a technology I do not believe was invented by Satoshi and he did not create Bitcoin. That is an urban legend if you like to keep it cool, developed by a cyber punk hoodie type but in reality was probably created by a three letter agency that itself does not want to take ownership after all who would use or buy it if that were the case. I have read the white paper and to go from that to Bitcoin is a huge leap. 

 

Regardless of that the fact is that blockchain as a technology has substantial confidence. The $4 trillion in cryptocurrency itself a statement that regardless of who or what developed the technology it still today operates with the confidence in its decentralised and autonomous manner coupled with its security. It is probably also used as a mechanism for cybersecurity in the transfer of information throughout the world. It has however failed to transfer itself over to any asset based transfer market or sector for what are probably well thought over fundamentals to that. Even with that $4trillion in cryptocurrency and the confidence that provides to blockchain as a technology there are very few software designers who do not put in a backdoor or mechanism behind the scenes be that due to ego or control in what they see as their software. If there was a mechanism either by the original builders of the software or discovered since in breaking or accessing the blockchain code then the value in that would only be in ensuring that it is protected and remains a secret. 

 

When you look at cryptocurrency in itself, the fact that SBF went to jail over the fraud associated with crypto, for a man that was extremely clever he also acted extremely stupid in his business model. All he needed to do was to ensure that the crypto and clients funds were separate from the business as you would have totally expected which would have resulted in his company remaining stable and fluid regardless of fluctuations in crypto price. That was stupid and I have no doubt that once they went into the red there was no turning back. Crypto and blockchain as a decentralised and anonymous system still needs to operate and be supported by an exchange similar to the FX or commodity markets in its absolute confidence in the money that flows through them. 

It is one thing to either value crypto or not in what it stands for and represents but that value, as in bitcoin that cannot be argued as that is the value the market places on it at any given time, needs to be on an exchange that is 100% in its financial operations such as the FX and commodity markets.

 

The company stated supplying energy based around renewables as a non-profit based system that in itself is wrong and impossible on many levels. Firstly, you cannot talk about a multi-trillion dollar industry in the energy sector that is only going to get bigger and bigger and talk about it as a non-profit. It is a zero sum game which means that if you are providing the support to a multi-trillion dollar sector through a non-profit then someone else involved in the sector will be making those profits. It cannot work or operate in that way and to believe that is naive at best. 

 

Secondly, and this is one of the biggest issues with again what is always a polar choice and hugely political bias between the energy sector, oil and gas and renewables. You cannot only talk in renewables if you are talking about the energy sector. It is impossible. You cannot build a wind turbine, a solar panel or a battery without oil and gas being a huge part of that. The renewable sector itself does not exist without the energy it needs in its production of all the materials required. It is the equivalent of setting up a water company, selling water that comes from your tap to customers that you may have processed further, slanting the water companies in the way they operate and produce their water compared with yours. But you do not even have that water in the first place without those water companies as they supplied the water originally to you. Right now it is the same for renewables in the energy sector as in they cannot exist without the oil and gas sector and that will not change for the next decade at least. Also the fact that still today 90% of the energy produced in the world is from oil and gas means you cannot talk about any energy transition without talking about oil and gas. You simply do not understand the energy sector if you believe that to be the case.

 

That said using blockchain for the transfer of information in regard to the energy sector could have merit. The big question is why blockchain is not currently used for many a similar market and sector since its development decades ago. I do not know exactly what those reasons are but they are obviously there. What blockchain would provide is the confidence over the security of the information which itself would be a positive as apposed to it being open but the key aspect would be this and is related to one of my previous videos.

 

If you set up a company that used blockchain as its mechanism to support and trade either information or assets in the energy sector then it would be the very information that itself would be priceless and of value as apposed to the blockchain itself which would only be the holding case if you like for the very information.

 

There are many different potential operating systems and blockchain could be used as a part of the business working along side other software with the blockchain being potentially the final delivery package to clients and customers to ensure protection and privacy of that information. If blockchain was used as the delivery software blockchain itself is not the key aspect or value here and neither would the company providing that technology as there are many. The business model could only work and be successful dependent upon the expertise of the very information going into that software and that is where christian-john comes in here and can provide this like no other. There are many companies that could provide the blockchain technology and there are also many companies that could provide similar IT based systems that would support and hold the blockchain in itself but there are no companies that could ensure that the very information enclosed is what it needs to be because that is your black swan and priceless aspect of the business here. That is potentially what Christian-John provides here like few if any others.

 

So, that said Christian-John may well very soon set up its own crypto currency because why not? It could even set up the crypto-currency in a manner or mechanism that could also involve some of the above be that either consultancy or something else possibly wrapped up in the crypto that would mean that when someone owns a Christian-John crypto they also have purchased something else be that technical or asset backed.

 

Which is what the company BSV blockchain were potentially talking about and offering and if someone wants to purchase the consultancy package from myself and arrange transport to Switzerland to discuss the above then I am packed and ready to go. The fact is the setting up of a Christian-John cryptocurrency itself outside of that has merit and value therefore any other value that could be also packaged along with that would only further add to that.