The Role of Stacks in the Shift
It is often noted that the first steps towards achieving any goal are the hardest, yet the most effective ones. While this phenomenon might be true on an individual scale, it is not limited to this level, rather drives entities as big as economics, politics and businesses. Mankind has witnessed the dawn and demise of many revolutionary ideas, because the adoption and adaptation of any new tool, cycle or thought requires thorough evaluation and practical analysis. This step of evaluation is dependent upon many factors, and the feasibility of those ideas being the most vital and important one. The reason behind the attention given to feasibility is the amount of work done to make things work on bigger scales like political, economic and commercial. As these stages comprise of many micro- and Nano-level components, and thus require attention to the tiniest details. It’s actually the inertia of the large workforces and the responsibility of whole populations that put so much of a pressure on these state and social-level entities, that every new step requires an A-to-Z analysis.
The world of business and innovation is no exception to the costs imposed by the bigger entities. As businesses and entrepreneurial ventures are themselves set up upon and are sustained by the elements of a society.
How does Stacks weigh in on its global impact and against the already established global game of web 2.0 tools? To find the answer to this, we need to travel back more than a decade in time. After all, the ones who keep an eye on history are kept from repeating the same mistakes.
The year was 2007 and we had been hit by a global recession, termed as The Subprime Mortgage Crisis, and The Great Recession. It was a time when European and North American as well as a few North Asian countries suffered a major setback in economic activities. As the world needed an economic miracle, help came from an unexpected end.
Entrepreneurial mindset, is what sailed the world out of that time of hopelessness. The recession was at its peak between 2007 and 2009, but it was during this very time that a few people from the business placed their bets on electric cars. Three people from three different automobile manufacturers came forward with ideas that revolutionized the automobile industry. Elon Musk, founder and CEO of Tesla, Bob Lutz, Vice Chairman of General Motors and Carlos Ghosn, CEO of Renault-Nissan, were the key players of the change. Elon led Tesla to the launch of Tesla Roadster, one of the first successful electric cars produced by the company. While, GM introduced Chevrolet Bolt, Nissan brought Leaf to the forefront.
How does this history lesson relate to the cause of Stacks? When we look closely, we find that when the world was buried deep in gas-guzzling vehicles, Elon, Bob and Carlos saw a future in electric cars.
And now, as the world seems too addicted to web 2.0’s tools and techniques, Stacks comes around as a far-sighted business entity. The only difference is that world hasn’t been hit by a recession yet.
And the world won’t, if we focus in the right areas. Stacks believes that introducing the idea of decentralization shall bring about notable economic, social and business-level advantages. The feasibility of such a model indicates in the favorable direction, as netizens have started to see the flaws of web 2.0. The major turbulence is offered by political powerholders, because the idea of global ideas let alone currencies seems like a threat to national boundaries.
But Stacks brings a solution to that as well. By working on improving Pakistan’s triple helix model, Stacks aims to play its part on all three ends; academia, industry and business. First, the legal team of Stacks is working hand in glove with the government, to encourage and bring in more laws that are suitable to sustain an environment promised by Bitcoin and Web 3.0. Second, by establishing chapters in universities, the company mobilizes future professionals in order to boost the transition towards a world with blockchain tech. Lastly, the presence of Stacks on the business scene shall encourage new startups to bloom on the foundations of Bitcoin, or other cryptocurrencies. The new idea shall take time to seep into the social, political and economic frameworks, but only with proper analysis and rightly aligned policies.
The world shall soon see the results of these three elements, as we move towards to the decentralized networking space.
Stacks aims to spark the change towards blockchain development, just as Tesla, Nissan and GM led the world to the realm of e-cars.
We humans want our answers to be precise and numerically accurate, but there’s an element of belief that outweighs all calculations. We look to Stacks as we put our eggs in the basket held by them, believing that the next generation of internet shall use Bitcoin (and other tools of web 3.0) to keep us safe from the data-mongers of the past.
Written By: Humza Noor
