In this concise introductory report on the Steem Institute, we will look at what could be the unleashed potential of the Steem Blockchain, as well as what this Institute hopes to do. Over the coming days, I will publish more insightful reports on the Institute as we release new projects.
The missing link
Steem could be the frontier of the web 2.0. With Open sourcing, HTML 5, Blockchain, AI and Virtual Reality leading the way, there is still one area missing.
Hosting a website is becoming a lot easier and cheaper thanks to the advancement of technology. However, one area that has yet to see any progress is monetization. In fact, with the abundance of websites and blogs, it's becoming even more harder to generate revenue online due to two main factors:
- the competition for web traffic
- the rise in the use of ad blockers
Despite several attempts to innovate the online monetization industry, it has proven difficult to improve with Google, Youtube and Facebook taking the heat for their monetization schemes.
While the world searches for ways to innovate the online user monetization, Steem has proven have a mechanism for monetizing user content. If done right, Steem could help innovate the online monetization model.
The broken link
Steem comes with an inbuilt and already known(voting was mainstream due to Facebook's like) mechanism for monetization.
Initially, the blogging community was excited about Steem. Time passed and now Steem is forgotten among even the media circle. Some are striving for the Brave browser in hope of getting tips from generous readers, others are blocking users with ad blockers while others are appealing to users to disable ad blockers.
Steem is nowhere to be found. Even the news of SMT hasn't caused anyone in the blogging industry to notice. And, the price of Steem; it just can't stop the free fall.
If Steem meets the missing link perfectly, then what has caused it to fail to fill in the gap? Why can't Steem find use outside of Steemit.com, Busy or DTube?
The industry saw some kind of hope in Steem which is why it quickly rose to the third cryptocurrency at inception, yet has now fallen into the top 30 - 40 class.
The problems facing Steem
Some of the easily identifiable issues facing the Steem blockchain include:
- Lack of platforms
- Lack of integration system
- Lack of content discovery
- Too many sentiments
- Limiting content-store perception of Steem
Building the next frontier
Why an Institute?
Typically, Blockchain and crypto-currency communities object to the idea of having an institution as it is seen counter-productive to the anarchist tune associated with Blockchain technology.
However, we also cannot deny the fact that organization in some form is at least required for every successful industry. Participation in the Steem Institute is voluntary, and our business structure is more corporate than cooperative.
What Steem can do: the argument
Steem is usually perceived as a content storage blockchain, more like a headless blockchain powered CMS. This perception means that our primary focus on the usability of Steem has been about how to host content with it.
However, we can do more with the Steem technology than just post content. We can build industries around the others utilities of Steem such as escrow, vote, custom transactions, transfer, account creation and more.
By expanding the use case of Steem, we can tap into previously untapped markets, exposing Steem to new investors, developers, and entrepreneurs. With SMTs, we the use cases for Steem would even be much bigger.
What we hope to do
Our mission is to increase the adoption of Steem by providing solutions to the challenges that face the mass adoption of Steem.
Building with Steem
Vision for Steem
Our vision is one where Steem becomes a capitalist system, where people contribute value and get rewarded for it. The more value we can bring to Steem the more valuable it will become.
A future where developers and entrepreneurs build high-quality useful apps, investors get to delegate or securely invest Steem and get market range returns. An environment where people have so many ways to use and earn Steem, no one will feel that the only way they can earn is by sharing curation rewards.
A future where there are curation communities for most countries, national witnesses, incorporated enterprise built on Steem. Oh, and we have plans for Smart Media Tokens too. We are certainly not missing that.
Projects
The are many projects we will be building this year, too many for the scope of this post. I will only highlight their main categorizations.
- Services: a set of services to use Steem
- Network: national communities that provide witnessing, curation, support and more
- Community: communities for witnesses, investors, developers, bloggers and more
- Utilities: free and open source utilities for Steem
- SMT: we surely have something cooked on this too, right?!
- Many more
Policy
We are a non-political, non-racial, non-religious and non-prejudice organization. We will neither support, entertain, tolerate or partake in any movement, event, policy or activity that aligns us with any faction of thought, philosophy or movement.
Our sole mission is the champion the cause of Steem, to promote the Steem technology, not the ideas or ideologies. We want to provide a secure prejudice-free environment for people who want to work on the advancement of Steem can make their dreams come true, without the fear of prejudice for their values, life, and also without forcing anyone to conform to any set of doctrines they do not believe in.
Management
We are doing a soft community launch, which means building small community and turn-key run working prototypes of our projects until the launch time is due.
Concerning the project's management, we do not have a standing team but are in the process of building one. We intend to recruit the pros as necessary.
We are open to everyone who is interested in taking up any role at any project. All you have to do is follow the guidelines which would be soon available soon. in the meanwhile, you can join our Discord community and subscribe to our associated blogs and on Peer Query.
Funding
We will be using a combination of goodwill delegation, community support, and the SAFLT instrument to bootstrap finance the Institute' s projects in the early days.
Peer Query is a founding partner of the Institute, will host the Institute's project and also provide support. We look forward to working with investors, particularly Steem power delegators.
Launch
Until now, the Institute has been all but talk. However, given the fact that we will be doing a soft-community launch, this post marks the launch of the Institute. No more talk, it is time to build.
Resources and links
Please note that until incorporation we might be using only the community accounts and sites.
Website
Steem.institute - official
Inst.blog - community
Steem
@institute - official account
@inst - community account
Community
Discord: https://discord.gg/xeSnGc8
Peer Query: https://www.peerquery.com/project/u34DY1Uyt
EDIT
Please see the sequel for more information on our intended activities:
https://steemit.com/peerquery/@dzivenu/dzivenu-steem-institute-101-what-we-are-building-and-what-we-stand-for-jnepcd4em0ujq
Published on Peer Query - Blockchain-powered p2p collaboration.
Why start from scratch? dlux.io is a steem front-end for AR and VR... even hosting static and dynamic websites is possible just with our framework. we are open source at github.com/dluxio/dluxio
Personally we'd rather work together... but we'd also hate to see our months of development be useless.
You could build out a virtual reality classroom on steem in a matter of minutes with our platform. Maybe this is a good place to start? discord
Thank you for your interest, please see this sequel which offers more insights on our intended activities:
https://steemit.com/peerquery/@dzivenu/dzivenu-steem-institute-101-what-we-are-building-and-what-we-stand-for-jnepcd4em0ujq
And what a nice project you've got there. We look forward to working together with you on it!
Thanks for all your effort to improve this system. We are still very early and we need to develop more in the future. The reason why I love this blockchain is because the community never get tired of developing and strive for the best. The more developer we have, the more success we can achieve. Unlike other blockchain that you never heard of recent days. Many will try to develop Steem rather than Bitcoin because inflation rate we have in the system.
Thank you @hiroyamagishi. You might find the concise sequel useful as well:
https://steemit.com/peerquery/@dzivenu/dzivenu-steem-institute-101-what-we-are-building-and-what-we-stand-for-jnepcd4em0ujq
steem project and other Decentralized projects that built in steem will succeed too :) keep going steem we are supporting you
Upvoted this is great project wow this is amazing. Hope that this will make steem grow more and productive.
Until you dont remember that all the rewards are supplied by current steem holders through inflation.
This is much needed. Efforts to build content like https://litepaper.com will help us a lot
I would like to see better defined projects here - what exactly do you want to do?
Seems they will be doing research and feature analysis.
@jza, we will doing more than that!
https://steemit.com/peerquery/@dzivenu/dzivenu-steem-institute-101-what-we-are-building-and-what-we-stand-for-jnepcd4em0ujq
Hi @cardboard, does this help?
https://steemit.com/peerquery/@dzivenu/dzivenu-steem-institute-101-what-we-are-building-and-what-we-stand-for-jnepcd4em0ujq
Yep, but I would love to see something, even early versions ;)
Bedankt voor al je inspanningen om dit systeem te verbeteren. We moeten ons nog sneller en in de toekomst ontwikkelen. De reden dat ik van deze blockchain houd, is omdat de community niet altijd moe is van vooruitgang en voor de beste inspanning. We zijn meer ontwikkelaar, we kunnen meer succes behalen. Andere kaskrakers waar je de afgelopen dagen nog nooit van hebt gehoord of hebt gedaan. Velen proberen stengel te ontwikkelen in plaats van bitcin omdat ons systeem inflatie bevat.@rana420
nice!
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I think people from developing country (correct me if i am wrong ) still dont understands what for steemit is, include me, i join steemit between 5 months ago and still dont understand what the main of steemit, and many people out there like me, maybe ads promotion using mainstream social media like youtube, fb, and twitter is also solutions
this is so amazing! all the best to this project! steem to the top!
Congratulations @dzivenu!
Your post was mentioned in the Steemit Hit Parade in the following category:
I would love to see this project growing. Thanks Steem Institute!
This sounds very interesting and as more I think about it this is going to be a game changer!
Yes, Steem needs to be and stay decentralized in its decision making and infrastructure. But still we need more coordinated efforts and marketing to bring real value to the Steem Blockchain. Like oracle-d and the "Vote for Steem" campaign is great for the whole community as so the Steem institute could also create more traffic and interest in Steem.
Looking forward to your developments!
hi, @dzivenu, I nominated you to represent Africa in @steemalliance
https://steemit.com/steem/@steemalliance/steem-alliance-takes-shape-or-a-steemit-backed-community-governance-organization
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