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A world of multiple crypto-currencies: Is it viable?

7/04/2018

This is more of a question that an answer.

The question that is in many minds, including me, if a multi crypto-currency model a viable one? New coins are being introduced at faster and faster rate. Many have nothing more than the credibility of the company that floats them behind it. It seems to be the new gold rush. Fast forward and you see a world full of coins created by companies and potentially individuals such as celebrities, politicians and others.

Is this truly viable? Can we have such a world of many cryptocurrencies or coins? Can such a world function?

I asked this question to many business leaders, economists and few friends whose advice I value. Surprisingly, they all believe that it can not exist. It’s not viable. Often quoted reasons are:

  1. Governments will not permit it
  2. People have no way of judging the true value of it
  3. How will one manage so many coins
  4. Who will provide the exchange facilities
  5. and so on…

I am not an economist. But these objections seem to be remnant of the past models of currencies. Let me take a contrary position – A world of of multi-crypto-currency is viable? The reasons

  • Governments may have only limited ability to stop or control it.
  • Many countries may in fact adopt it. Case in point Venezuela
  • A crypto-currency is infinitely divisible
  • Near zero transaction cost
  • Anonymity of owner/transaction
  • Borderless

What are your thoughts?

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Milking at LaVeda dairy farms

25/01/2017

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Launching “La Veda”

9/07/2016

A concept – of supplying pure cow milk – that started in 2013 is now a realty. The lessons learned with founding of O’Leche, the successes and failures and lots of R&D have given birth to La veda. It’s a single minded goal of producing the highest possible quality cow milk and bringing it directly to homes of the consumers.

The first of La Veda dairy farm is under way in Aravali hills of Rajasthan. This farm would show case many of our innovations around upkeep and feeding of cows to how we all will live at the farm. The new ideas abound from simple planting of the trees to how the energy is generated. BTW, the farm is completely off-grid.

It’s an exercise in getting out of the way of the nature. Which is often harder than expected. It’s a journey and we would like you to be a part of it. Your ideas, thoughts, observations are valuable so keep them coming.

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A new chapter in content marketing strategy for professionals

20/12/2014

The internet is abuzz with content marketing. It seems to be the flavor of the day and justifiably so. However, most of this discussion is around how to make your content go viral. What will catch the attention of the viewers? What will get tweeted by thousands and what will get most Facebook likes?

Need less to say that these strategies end up recommending the content that is eye-catching and with some funny or clever tag lines. The picture of a laughing cat or a video of some one acting silly while may bring million of of eye balls, it hardly brings the right kind of audiences for an expert who wishes to develop his/her credibility in a given discipline.

These strategies are great if you are selling milk or latest fashion items or or or…this style is highly questionable when it comes to promoting a professional image of an individual or an organization.

So, what is it that a professional seeks from the marketing perspective…

1. Establish one’s reputation in the chosen field as an expert
2. Grow the professional network
3. Engage people who may eventually become potential clients or business/professional partners

The kim kardashian style breaking the internet hardly helps you with above goals unless you happen to be in modeling/acting or related fields where overall popularity matters.

So, what can a professional do?

Historically, professionals/experts have focused on blogging, occasionally publishing a presentation and writing books including ebooks. The latest craze is about publishing on social media like Linkedin an information nugget or infographics.

While this may suffice for many, especially with high degree of activity on social media, it is hardly sufficient to maintain and grow your professional reputation at large. The time commitment, and the cost, could be prohibitive for many. After all you can tweet only so much.

The eBooks are one of the exceptions. Once the time and cost commitment is made it helps in continuously enhancing your reputation with each new reader, growing network and even create a passive income stream. So, the natural curiosity leads to the question of what else is out there that has similar or even better characteristics.

Developing online courses at Classle offers one such opportunity. Growing number of experts and accomplished professionals are joining the elite group of online educators to share their life’s experiences and expertise with students and learners globally. They are building a community of like minded people, interacting with them, and growing their reach beyond geographical boundaries. All this while generating a substantial passive income.

I believe that 2015 is the year where we add a new chapter in the book of content marketing for professionals and experts with online courses.

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Why the high dropout rate for MOOCs?

18/12/2014

Recently MIT Technology review published a scathing review of MOOC technology. They claimed that almost 90% of the people who sign up for a Massive Online Open Course (MOOC) never finish the course. The analogy is that of a bookshelf. Many people pick up a book, flip through few pages and put it back. Well, I have done that too. The waning interest in MOOCs and apparent lack of success is attributed to the limited nuanced interaction as in a classroom.

MIT may have touched upon something with the “nuanced” part of the classroom interaction. In a traditional MOOC environment a student simply downloads a video at will and that’s the end of it. If a student is highly motivated then this system works fine. I have not done any research on it but would doubt more than a small percentage of students are that motivated.

So, what is the solution…

Classle has adopted a different approach. Courses are scheduled for a fixed duration where a group of students take it together. They are supported/nudged (gently) by a course facilitator and their questions are answered by subject matter experts. All this is aided by a community around the course with plenty of reference and other supporting (like quizzes, projects) material.

Although, it may never be able to replace a teacher in the classroom but it comes close. May be this is the solution we were looking for.

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What is my social media strategy for 2015

6/12/2014

The last few cocktail parties, friends and strangers alike have been asking me, repeatedly I must say, about my social media strategy for 2015. Both, for me personally and for all the businesses (O’Leche and Classle) that I am involved in. By the 4th enquiry I was really wondering, “Is it something like a new year’s resolution that I am suppose to have?” I had not given it a thought.

So, has the social media landscape really changed all that much in 2014? Is there some new social network or platform that I must pay attention to? Or is something like Y2K problem that manifests on 2014 new year’s eve. I, none the less, decided to write it down as I am sure in next cocktail party some one will ask again.

Here it is…

Create better content – When I go back and read old blog posts or look at the presentations I am left with the feeling that we could have done a better job. Whether it was to explain a topic, grammar, visuals or lack there of or myriad of other reasons, the content produced could have been better.

Explore more content types – I have always felt comfortable with slides. May be it is due to my management consulting background. It’s time, I need to go beyond blog posts, pictures and slides. The next thing in my list are videos and creating a course and may be some infographics.

Be consistent – In past I have either been too involved or simply disappeared for an extended period of time. This breaks the flow and I end up doing more damage than good. So, I am building a schedule (twitter especially) and sticking to it.

Explore the less travelled paths – Frankly, same old same old is getting a bit boring. There are a lots of smaller, niche social media sites and mobile apps. It’s time to make new friends and grow the circle.

Go old fashion being social – I see a direct correlation between my offline activities (startups, travels, parties, hobbies…) and the size and quality of my network. So, I am planning to turn off my iPhone and be more involved in real life next year.

That’s it. As the Panda would say, “There is no secret magical sauce!”

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