Alex Konanykhin<\/a>\u00a0are building. Users forecast outcomes across crypto, commodity, stock and currency markets without placing a wager, and the platform rewards the most accurate predictors, aggregating their calls into what it calls Collective Intelligence. Under Stornetta\u2019s guidance, SafeBets plans to credential its leading predictors and record forecasts verifiably, so that every prediction carries cryptographic proof of who made it and when, and cannot be quietly revised after the outcome is known.\u00a0<\/p>\nThe bet is simple. In a crowded field, credibility is the moat.<\/p>\n
\u201cFor 30 years, our work was about making records impossible to forge,\u201d Stornetta said. \u201cPrediction is a natural next step. If you can prove who made a forecast and that it was never altered, you can finally trust the track record behind it.\u201d<\/p>\n
\u201cThe prediction industry has a credibility problem, and credibility is exactly what Scott has spent his life engineering,\u201d said Konanykhin, SafeBets\u2019 founder and chief executive. \u201cThat is our advantage.\u201d<\/p>\n
What builders should take from it<\/h2>\n
For entrepreneurs watching, the lesson runs deeper than one startup. The most durable advantages are often built where trust is breaking down, and AI is breaking it down almost everywhere, from customer service to journalism to the simple question of whether the person on a video call is who they claim to be. Recruiting credibility, as Konanykhin did by bringing on one of blockchain\u2019s founding fathers, is itself a strategy. So is differentiating from incumbents on the one dimension they cannot easily copy, here a no-wager, fully verifiable model. Trust is becoming a product category of its own, and the founders who treat it that way will have a head start.<\/p>\n
Whether SafeBets ultimately reinvents prediction will depend on execution and on a regulatory landscape that is still forming. But the direction is hard to miss. The first era of blockchain taught machines to agree on what is true. The next will be a business opportunity, and it will belong to the founders who make trust something their customers can prove. Stornetta is betting it starts with prediction.<\/p>\n<\/p><\/div>\n
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Every great company is built on a bet about trust. Visa bet that strangers would trust a piece of plastic. Airbnb bet that travelers would trust a stranger\u2019s spare room. The next great opening may be the most fundamental one yet, because artificial intelligence has made it cheap to fake almost\u00a0anything, and the\u00a0ability to prove what is real, and who is real, is quickly becoming one of the most valuable things a company can offer.<\/p>\n
Few people understand that better than W. Scott Stornetta. A founding father of blockchain, he has just joined\u00a0SafeBets.world, a zero-wager prediction platform, as chair of its Advisory\u00a0Council, and he\u00a0is taking aim at an entire category. His goal is to help\u00a0SafeBets to\u00a0reinvent the prediction industry on a foundation of verifiable trust.<\/p>\n
Stornetta is not only a scientist. He is a builder. In 1991, he and his longtime collaborator Stuart Haber published the research \u201cHow to Time-Stamp a Digital\u00a0Document\u201d that introduced the cryptographic linking of records now recognized as a cornerstone of blockchain technology,\u00a0work that appears among the first citations in the 2008 Bitcoin whitepaper. Then he commercialized it. His company, Surety, ran the first commercial digital time-stamping service and published a cryptographic fingerprint in the New York Times<\/em> every week, a chain that has run unbroken for 30 years. More recently, he co-founded\u00a0SureMark Digital, which helps people prove their identity and authorship in an age of deepfakes. Across three decades and three ventures, one thread runs through everything he has built: Turn trust into something you can prove.<\/p>\n<\/p><\/div>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Opinions expressed by Entrepreneur contributors are their own. Every great company is built on a bet about trust. Visa bet that strangers would trust a piece of plastic. Airbnb bet that travelers would trust a stranger\u2019s spare room. The next great opening may be the most fundamental one yet, because artificial intelligence has made it<\/p>\n","protected":false},"author":1,"featured_media":15496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-15495","post","type-post","status-publish","format-standard","has-post-thumbnail","category-green-brands"],"_links":{"self":[{"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/posts\/15495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15495"}],"version-history":[{"count":0,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/posts\/15495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=\/wp\/v2\/media\/15496"}],"wp:attachment":[{"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wildgreenquest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}