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Blog

Designing for the Blockchain

10/29/2018

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Image Credits: Sergio Guba
Blockchain is a decentralized database technology that has captured the attention of both technologists and businesses alike. It should come as no surprise how much traction this emerging technology has gained in the past year, so much so, that blockchain was amongst one of the most Googled terms in 2017. Yet this curiosity has led to a great deal of skepticism and apprehension, both, within and outside of the tech community. With technologists still trying to unearth the real potential of the blockchain, it has fallen to the designers to think of innovative ways to fully utilize the ability of this emerging technology.

As a Product and UX Designer, these are some of the things that should be taken into consideration when designing for blockchain:
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  1. Empowering the User:
    As a relatively new technology with limited exposure to the mass market, decentralized applications must be able to synthesize the complexities and mechanisms of blockchain into simplified user interfaces.  This presents UX designers with a challenge as they need to ensure that the user does not become overwhelmed by the platform or application and that they always feel in control.

    An example of this can be how tokenization applications employ interactive data visualization technique and dashboards to show users a brief view of their assets.

  2. ​​Smart Contracts:
    A smart contract requires the user to pay with cryptocurrencies. Where using regular money does not require any knowledge in regards to how it was made, smart contracts need the user to have prior knowledge about cryptocurrencies.

    For example, a user may need to know about their private wallet key or how much a transaction fees costs. Since cryptocurrencies are decentralized, and there is no banking option — users mostly have to look after these responsibilities on their own.

  3. Centralized vs. Decentralized Transactions:
    There are necessary tradeoffs that occur when building a payment platform on a decentralized platform. For example, public blockchains like Bitcoin and Ethereum can only handle 7 and 20 transactions per second (TPS) respectively. Visa, a centralized payment network, can handle 24,000 TPS in comparison. Since the beginning, cryptocurrencies have been designed to sacrifice scalability in favor of security and decentralization.

    These innovations have led us to reimagine what role money plays in our society while also giving individuals unprecedented financial freedom. Bitcoin, when it was first released in 2009, gave us the ability to transact pseudonymously with anyone in the world without the need for trusted intermediaries. On the other hand, the fees for bitcoin transactions have often been more expensive than all other centralized alternatives. Another hassle for users is that the volatility in prices has resulted in a currency that is not ideal for buying or selling of goods and services.

  4. Security Risk and Regulation Issues:
    Dealing with cryptocurrency comes with a lot of risks. With all details being stored in a digital wallet there is always the potential of a hacker threat looming over the user. With no central body monitoring it, users are unable to file a claim with anyone in case of a breach. Designers need to create applications that will make users feel safe and also trust the product.

    Government agencies are still trying to figure out a proper way to enforce the legal use of cryptocurrencies and decentralized apps that are based on the blockchain.

    Despite aiming to improve the current commerce system, the system is also being used fraudulently by different people. The current model of blockchain without any regulation offers users a peek into the days before banking.

    As an unregulated marketplace, it is prone to hackers who may entice new users to share vital information such as private key details. Also, beginners are likely to make costly mistakes such as sending a money transaction to an incorrect address.

    UX designer would have to find a way to design smart contracts so that they can improve on the technology to make it more secure for users.

    A possible way to counter this problem could be to activate two-factor authentication (2FA) to keep accounts secure. While it should not be forced upon the users, it can be implemented in situations that are security sensitive, such as transferring funds.

  5. Readability:
    Currently, crypto wallet addresses are a string of 40 characters. Even though researchers are still looking to experiment with simpler alternatives such as ENS (Ethereum Name Service), which is easier to read for the user.

    Right now, when sending a transaction, a user is required to double-check the 40 characters in the crypto wallet. It is essential to get it correct in the very first time, as unlike in standard transactions there is no option for a refund.

Summary:
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While blockchain-related companies are investing a lot of money in marketing, and visual design not many of them are focused on improving the UX aspect. According to Ivan Braun, founder of Icons8, “usability” could be the undoing of blockchain technology.“What will destroy Bitcoin? Governments? Hackers? Winklevoss twins? Usability,” he wrote in his blog post.

Users are still apprehensive when committing to the technology, with the general perception being that it is very code-centric. The skepticism that comes with it is natural. And, in many ways is similar to how other technologies initially began as a project driven by research before evolving to accommodate design, blockchain may also take the same route.
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5 Power Tips for Google Analytics

5/3/2018

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If you  are responsible for a website or app as part of an online business, or really in any capacity, chances are you want to track how your website or app is performing. Are you hitting sales goals? Are people interacting with your site as you planned and expected? How are they traveling through your site? Are they even getting to checkout, or reaching the pages that really matter? Where are your users, what browsers and devices are they using, how did they arrive at your website? The questions could really be endless, but getting the answers can be quite simple.

Google Analytics is a great way to track metrics and analyze them over time, deriving insights to inform your product and content decisions, improving the online experience for your users and turbo charging the performance of your website. While Google Analytics has a lot of built-in help and directions to get your site connected, we’ve put together some tips that will help you set goals and track them more in depth.

1. Setting up Goal Funnels
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Setting up an end goal is simple, but did you know you can set up all of the steps the user would take before that final click of a button?

Under the Goals section in your Admin setting, each goal breaks down into three steps:
  1. Goal setup
  2. Goal description
  3. Goal details

For the first two steps, Google Analytics (GA) makes things easy for you and provides you with different templates based on the type of goal: Revenue, Acquisition, Inquiry, or Engagement. Step three is where the magic happens. While GA requires that you input a destination (the end of the URL where your users are supposed to be ending up), it also gives you an option to set up a Funnel.

By turning this on, you can now input all of the steps a user would take to get to that final destination URL. So, for example, if you were setting up a goal where the user is reaching a URL ending in /checkout/thank_you (resulting in more cash money for my business!) You could then connect all of the steps the user would take to get to that purchase confirmation page.

Each step need two types of information to create the funnel. First you’ll need to provide a name for the page and then the URL ending for that page. So take the following image for example:
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​It’s important that you input only the last backslash and the word or letters that follow it or GA won’t properly recognize the page.

Once that’s set up, you can see a funnel visualization by going to Conversions > Goals > Funnel Visualizations within your dashboard panel. There you can see a vertical graph showing the number of users that leave the funnel, and where exactly they’re dropping off.
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​2. Tracking Clicks
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While you can find other sites that offer this for various price points, Google offers their very own free service via a Chrome extension. Simply install from the Chrome Web Store, link up to your GA account, and you’re good to go.

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Once you’re on your site and have the plugin activated, you can see a glimpse of some relevant GA values. The real hero of this extension are the tooltips that show click-interactions throughout your site.

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You can see what content is drawing the most user-interactions, and scope out underperformers.

3. Adding Milestones
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Annotating your reports is a great way to add some context to user behavior and traffic. They can be added right from within your admin settings, under the Personal Tools & Assets section.

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Or, if you’re within an individual graph, you can click the annotations toggle link and add from there.
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To explain jumps and drop-offs in traffic or conversions, you can include notes and specific dates as to holiday events, feature launches, campaign runs, or when edits to your site were made. If you’re working and building your site iteratively it can be nice to have a timeline built right into your analytics graphs.

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4. Adding Secondary Dimensions to Your Reports
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Dimensions are another great way to add context to your analytics. Within any report, right above the data table, there will be a dropdown for a secondary dimension.

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From there you’ll see a drop with a variety of sections.
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Once you select an item, a new column gets added to your data table. For example, rather than simply viewing all pageviews for your site, you can view data as to what site referred users, what their screen resolution is, how many sessions they had prior to transactions, among many other variables.

​5. Learn What Devices Visitors are Using
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One last hidden gem in GA is the ability to track what percentage of your users are on desktop, tablet, or mobile. Within the Reports sidebar, you can find this information inside the Audience menu under the Mobile > Overview dropdown.

Here you can see the total number of users on each device as well as things like their bounce rates and total revenue per device type. Knowing this can be incredibly helpful with dividing up your design and development resources. If you know that the bulk of your users are on desktop, but only a very tiny percentage are on tablet, you can work harder on optimizing desktop instead of shifting more resources into a version of your site that only 5% of your traffic will ever see.

Google Analytics is a powerful tool that has super insightful data, giving you x-ray vision into how your website or app is performing. With the tips we’ve outlined here, you can put your reports and traffic in context, helping you take your website to the next level.
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Elevate your UX Game with these 5 slick UX Tools

1/2/2018

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At Perpetual we work on a diverse range of projects from advanced professional news applications to web and mobile apps for fast growing startups. With the new year just beginning, one of my resolutions is to work on improving and refining my design process to tackle these challenging projects. While I’m still nailing down my ideal workflow, I’ve found some great tools and programs in 2017 that I’ll definitely be using this year. These tools are some of my favorites–they have either saved me time, given me new insights, or made it easier to share and collaborate on my work. 

Browser Preview
With just a quick keyboard shortcut, I get an in-browser image of a Sketch artboard. This has been infinitely helpful in ensuring the typefaces I’m using are actually legible in the colors, weights, and sizes I’ve selected for them. I’m also able to gather if the overall layout works–with each tweak I make in Sketch I can just cut to a new browser preview to quickly toggle between new and old versions of the same screen. Trust me, this beats waiting for InVision to finally sync–use this for a quick look at quick changes.

Stark
When I found myself designing for accessibility for a recent project, I realized that with each design decision I made, I had to check and double check that it was a good decision for all users. While I found a great resource in webaim.org, it wasn’t very efficient. I had to work in Sketch, copy a hex code, move to browser, paste in, and then check the output. Enter, Stark. This plugin has multiple capabilities to test text and color legibility. Simply open the plugin, select a text layer and a background layer, and click “run.” Right away, Stark lets you know the contrast value for the selected layers, and if that text is indeed easily read. Another interesting feature Stark has is the ability to simulate different types of colorblindness within Sketch–it provides a good exercise in establishing hierarchy and difference without relying on color.

Draw.io
As a self-proclaimed Google Girl, I love when things integrate with my existing apps. I use Draw.io to create user flows, but it can also be used for wireframes. The best part is that it can save right in Google Drive! Sharing work for review is incredibly easy, plus it’s one less document to bog down my laptop.

Skala Preview
Another great way to preview your work. There are a ton of these kind of apps in the market, but I’m a big fan of Skala. With a quick keyboard shortcut I get a preview of my work right on my phone. If I make a change, it updates instantly. (Plus it works on Android phones!) By using this I just get a much better sense of the success of my layout and type choices.

WhatFont
Although I know many people who avoid browser plugins, I 100% recommend this one to any and all designers I know. We’ve all been there: you’re on a site and there’s some amazing typography, but you’re not sure what it is or how to find it. With WhatFont, just click on the toolbar icon and then hover over the typeface in question. Click it and you get the exact style, weight, size, line height, and color that it’s set in. I’ve found so many new typefaces this way, plus it’s been really helpful when testing sites–you can easily check whether that H1 matches the spec you worked so hard on.



Shawna is a UX Designer at Perpetual.


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5 Remedies to Your Smartphone Addiction

7/21/2017

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Downloading an app to fight app addiction is ironic. But smartphone addiction is a growing problem as the amount of time people in US spend on Mobile Phone is increasing at an alarming rate and almost 92% of the time we spend on our phone is on apps like Facebook and other Social Media platforms.

In an era where there is an app for every possible purpose, there is a category that has been gaining popularity: apps that allow you to unplug from using your smartphone and other apps  We reviewed several such app blockers and find people use them to spend less time on their phones and generally, increase productivity.

If you happen to sink an inordinate amount of time on your smartphone, we have shortlisted 5 applications that help keep you focused.
1. Offtime
Price: $2.99 on iOS, Free with in-app purchases on Android
Launched: 2015
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​Offtime tracks device usage and helps you to monitor your usage habits. If you find yourself constantly distracted by a particular application, you can set restrictions to access it. For Android users, it also allows you to block calls, texts and notifications that may disturb you for a chosen period of time and choose the selected people who can still get through to you during your downtime. If you do better as part of a group invite your friends to a shared Offtime session.
2. Moment
Price: Free, Only available on iOS
Launched: 2014
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Similar to Offtime, Moment automatically tracks your iPhone and iPad usage, helps you create daily limits on phone usage and sends you reminders when you approach those limits. The overall goal of Moment is not to get you to put down your phone completely but to create a healthy balance in your life, as such it does not have the feature of blocking applications.
3. Flipd
Price: Free, with in-app purchases on both Android and iOS
Launched : 2015
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What’s unique about Flipd is its two different tracking modes. You can refrain from using your phone using a gamified “casual lock” setting that requires self-control on your part, or a “full lock” setting that allows you to lock yourself out of your phone and hide your applications. There will still be access to some basic functions such as calls and texts but your social media applications will stay hidden until the timer runs out. ​
4. AppDetox
Price: Free, with in-app purchases on Android only
Launched: 2016
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AppDetox helps you understand your phone usage habits and set different perimeters in terms of how you use them. It offers the features to limit your number of application launches, usage time and restrict accessibility according to your set time range. Afraid of breaking your own rules? You have the option of setting a password to protect your rules with a PIN number as well. Though this requires some form of self control as well,  an alternative solution is to ask a friend to set your password without telling you what it is.
5. Freedom
Price: Free for trial period, or sign up for their monthly plan at $6.99/month or yearly plan at $2.42/month, available on Android, iOS, Windows and MacBook
​Launched: 2011

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Through the use of a VPN profile, Freedom helps you  block select applications and websites for up to 8 hours. It also features scheduling of recurring sessions on your devices to build productive habits. Similar to AppDetox, it allows you to enter locked modes to prevent you from modifying your Freedom sessions.
We have also reviewed reams of user feedback on these applications and many users commented that they can bypass the app restrictions by simply deleting it. As such, these applications do not offer an absolute solution to manage your phone addiction and they are most suited to users who are determined to improve their productivity and exercise some self control. ​
In light of this, it may be more useful to work on users’ motivations towards using their phone excessively instead of just depending on these applications, but using them is definitely a start to a more phone-free lifestyle. ​
Summary
Among the list of blocker apps, our favorite is Freedom as it is easy to use, works as described, available across both mobile and desktop platforms and fulfills its purpose of preventing distractions by time-wasting apps and websites.
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Perpetual on Innovation, Education and Entrepreneurship

7/6/2017

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Perpetual was featured in an advertisement for a financial services company where Perpetual founder Amish shares his passion for technology and entrepreneurship.

​In this four-part series, you will learn about Perpetual’s motivations, approach to innovation and education and  the experience of becoming an entrepreneur.

Introduction
“I am exploring technologies that are out there and I am trying to create value.” ​
On Rapid Innovation
“I can think of an idea in the morning, build it in the day, and then ship it at night.”
On Education
“Education is one thing that no one can take away from you.”​
On Entrepreneurship
“To get to the next level, you have to be willing to be uncomfortable.”
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Beacon: A Real-Time Financial News Application built on OpenFin

7/5/2017

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News is a key driver of fluctuation of financial markets, for example when Donald Trump was elected as president of the United States, the markets swayed and many a fortune were made and lost. News is also a vehicle for reporting fundamental company information like M&A activity, a CEO or key officer leaving a company or an important financial research finding or analyst rating.

For financial professionals, having news accessible to them at their trading terminal is critical: news that is fast and in-tune with various wire services, that can be searched easily to find that nugget of information about a topic, and that is easily readable among the tens of windows across multiple screens. This is even more true in this age where humans are racing against machines to seek competitive actionable information

Achieving such mission-critical capability in the past required installed desktop applications with a Windows SDK and advanced technologies based on C++ and others close to machine hardware. However with the rise of the consumer internet and several realtime apps and technologies, similar SLA’s are achievable with modern technology stack. On a financial user’s desktop, the last mile is the installed application. Till date, various financial information providers and organizations have resorted to building custom applications in bespoke technology stacks compatible with their other legacy applications and desktop IT infrastructure.

Only recently have more modern installations like Chromium gained adoption, which allow for apps to be built in modern tech stacks like HTML5 and Javascript, along with adapters to interoperate with existing legacy applications and widely adopted programs like Excel.

OpenFin, a provider of HTML5 runtime technology for the financial industry, is leading the charge in this arena. Perpetual is a New York City based innovation lab that provides advanced User Experience Design and Full-Stack Development expertise derived from years in the financial information services industry.  The Perpetual team is proud to bring you Beacon, a scrolling news app leveraging the OpenFin framework.
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This version of Beacon offers realtime scrolling news from multiple sources, with the ability to search news, select news sources and bookmark articles for later reading. Upcoming versions will have watchlists, alerts, trending news and lots more.

You can see the full set of features currently available on Beacon
here. 

Y
ou can download the Beacon Desktop Application here.
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Related:
Technical approach building Beacon
Beacon Feature Overview
Presentation on The Future of Financial Information Services, QCON Shanghai

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Beacon Scrolling News: Technical Overview

7/5/2017

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The Beacon Scrolling News App is built using the OpenFin Framework, with an HTML front-end and fully client-based javascript application. For the User Experience, we have considered speed, ease-of-use and a color scheme, typography and iconography that works consistently with other financial terminal applications.

OpenFin is used as the container for the app. The framework allows the application to open and run in its own desktop application and windows, and pages launched from the main application are opened in their own child windows. OpenFin also controls the initial configuration for the application, including window size, the app icon on the dock, desktop, and window, and how the application behaves when opened.

The application front-end is built on top of Bootstrap’s grid. This allows the application to easily resize to fit the user’s needs. The rest of the styling is done with custom css, and is designed to fit the needs of a user with a finance background.

The majority of the javascript is written using jQuery. This allows the program to easily select elements from the DOM and manipulate them. Ajax calls are done using jQuery’s getJSON method. The application also makes use of fat arrows from ES6 to filter null values from the arrays when they are manipulated.

The bookmark feature allows users to save articles for future reference. These bookmarked articles are stored in the Open Fin app’s HTML5 local storage. This allows the Beacon app to retain the data across browser sessions. Since the app is run on the OpenFin framework, the local storage is not affected by deleting the cache on the user’s actual browser. The only way the storage is wiped is if the user uninstalls the Beacon application. Local Storage is also used to store NewsAPI’s source list, which saves the application some AJAX calls when it is opened after the first load.

The news articles seen on Beacon are provided by the NewsAPI service. The Beacon App real-time model is currently based on a configurable polling mechanism, with a pub-sub mechanism under consideration. Since news is derived from different sources, some of which can only be sorted by top articles, some new articles will occasionally appear further down in the visible list of articles. However it is clear which articles are new by the ‘new article highlight’ that is applied to such articles, so they can be brought to a user’s attention.

One of the limitations of the current app is the lack of direct relevance of content to financial news, as well as the ability to filter content more accurately for the financial professional audience. Accordingly, one of the  next steps for Beacon is to integrate with CityFalcon’s API for financial news. CityFalcon will allow the app to display news about specific companies that a user chooses. It will also allow users to categorize news and rate it on importance. The user will be allowed to keep a watchlist of companies so that they are up to date on financial news for companies in their portfolio.

Download the latest version of the Beacon application here.






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WordPress Installation and Customization Guide

6/16/2017

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Wordpress currently powers more than half of the websites on the Internet. For those new to front-end development, it can be difficult to grasp the idea of creating your own website from scratch. Using Wordpress is one of the easiest ways to build your own website and it is actually not as complicated as you might expect.

We have prepared an extensive list of resources to help you learn the art of building your own website with Wordpress, right from the moment when you need to install WordPress to the point when you are publishing your WordPress website.

1. How do I Install wordpress?

Most WordPress web hosting companies support WordPress and the process of installing it takes less than 5 minutes. Domain hosting companies use different WordPress Installer tool such as QuickInstall, MOKO Marketplace etc. This method allows you to install WordPress within 1-click, and removes the need to create a database manually or upload any files, as the procedure is automated.
Installing WordPress with 1 click method
WPBeginner: How to install WordPress
However, many WordPress experts express that installing WordPress manually is a more secure alternative to 1-click installation. It may sound intimidating, but it is still a 5 minutes process that simply requires a few additional steps. ​
Installing WordPress manually
WP101: How to install WordPress
Long-form Guide to installing WordPress
Codex: Installing WordPress

2. How do i replace the default theme in wordpress?

Apart from the default theme included in your WordPress installation, you can also customize your own WordPress theme according to the look and feel of your website.
Installing a new Theme on WordPress
IThemes: How to install a WordPress Theme
WP Beginner: Beginners Guide - How to install a WordPress Theme
Long-form Guide to installing a WordPress Theme
Codex: Using Themes
Online Library of WordPress Themes
Themify
Theme Forest
Template Monster
A few of the Most Popular WordPress Themes in 2017
Sydney
Shapely
Hestia

3. How do i create pages in wordpress?

If you think of your WordPress website as a book, then the pages form the chapters of your book. Find out how to create new pages and maintain them on the following websites.
Creating Pages in WordPress
Tutsplus: How to create Content in WordPress with Posts and Pages
Tips and Tricks HQ: How to create a Blog Page in WordPress
Long-form Guide to creating Pages in WordPress
Codex: Pages

4. How do i customize wordpress with plugins?

Even though WordPress offers a wide range of features and flexibility, its capabilities out of the box are limited. The solution to this is to install plugins for further customization, giving you a head-start without having to build a feature from scratch.

However, with almost 40,000 plugins to choose from, it can be difficult to select options that are most beneficial for your WordPress website. Following is a list of websites that have curated the top WordPress plugins.
Installing Plugins in WordPress
WP Beginner: 24 must have WordPress Plugins for Business Websites
WPMU Dev: 37 Essential WordPress Plugins
AThemes: The Best WordPress Plugins for 2017
A few of the Most Popular Plugins of All Time
Yoast SEO: For managing your website's Search Engine Optimization (SEO)
Contact Form 7: For adding and managing contact forms on your WordPress website
Jetpack: For website analytics, engagements and social sharing

5. Where can i learn more about wordpress?

​Being one of the most popular and powerful content management systems (CMS) out there, working with WordPress is not as complicated as you might expect. The great thing is that there is an abundance of resources for you to learn and master WordPress. We have collated our favorite resources to help you discover the extensive features available on WordPress.
Resources to Master WordPress
Make A Website Hub: 18+ Great Resources to Learn How to Use WordPress Like A Pro
Udemy: How to Make a Website Without Coding - WordPress & Web Skills
Code Conquest: The 50 Best Websites to Learn WordPress

6. Any other interesting resources for wordpress?

​Now that you have picked up the necessary skills to install, create, build and customize your WordPress website, you may have a specific feature you are looking to build with your website. Or perhaps you are looking for interesting WordPress related resources that do not fall in the categories mentioned earlier.
To find out what WordPress Theme a particular Website is using
What WP Theme Is That
To convert an HTML website to a WordPress Theme
HTML to WordPress
To build your WordPress website with a Point-and-Click site builder​
Layers
To generate Codes to make basic Front-end Edits to your WordPress website
Webcode
To build an Ecommerce website
ShivarWeb: How to set up a WordPress Ecommerce Website
To start your own Podcast​
WP Beginner: How to start your own Podcast?
To build a Coupons website
Themeisle: How to build a Coupon site on WordPress
To build a Web Directory
Tutsplus: How to create a Business Directory website with WordPress
To build a Multilingual WordPress website
WPLang: How to make a Multilingual WordPress site
To build a Non-Profit website
WPExplorer: How to build a website for your Non-Profit Charity with WordPress
To build a Community-based website
Elegant Themes: How to build a Community website with WordPress
To see a list of the Most Popular websites running on WordPress
Awwwards: Some of the best WordPress websites around the World
We hope that this article has provided you with the resources you need to kickstart your journey in building your own website with WordPress. Let us know if you have any other useful resources to recommend!
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On Blockchain, Decentralization & CryptocurrencY - 10 Takeaways from the Ethereal Summit

5/23/2017

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​Organized by Consensys, the Ethereal Summit aims to encourage conversations on decentralization and its impact on the future of technology. We spent the day hearing media influencers, government officials, futurists etc share their views about the future of Blockchain, Tokens and their influence on our digital world. Here are 10 key takeaways summarized from various thought-provoking panels across the summit.
1. The Importance of Community in a Decentralized World
“In a decentralized world, it is all great when things are functioning. But what happens when things go wrong? People will want to go to a place or a thing to blame and this is when the community will need to come together to fix them.” - Sandra Ro, Executive Director and Head of Digitization at CME Group
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2. A Framework is needed to control multiple manifestations of our Online Presence
“In the Physical world, we view ourselves as our identities, and possess what we know as ‘personhood’. In the digital online realm, we have multiple versions of our ‘personhood’. There needs to be a way or a framework to control this.” - Melanie Shapiro, Co-founder and CEO of Tokenize
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3. Our Data will represent a form of Currency in the Future
“One of my favorite books is Homo Deus, which paints a future that is influenced by science and technology. I can picture a world where our data is our currency, where an everyday transaction is based on the data that you are willing to hand over, what you are willing to share and what you feel uncomfortable sharing.” - Jake Porway, Director of DataKind
4. Blockchain is a form of Distribution
“Blockchain is not a form of decentralization but rather a form of distribution. It is a mechanical tool to record the DNA of transactions. Nobody can monopolize it. The beauty of Blockchain is that it creates similar development opportunities for both developed and developing countries.” - Giorgi Vashadze, Founder and CEO of Innovation and Development Foundation, Member of Parliament of Georgia
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5. Blockchain and other Future Technologies need more Media Coverage to educate people about their Potential Impact
​“Media helps build the foundation of knowledge. Many people still do not know the ideas and key terms related to Blockchain. Media has an important role in shaping the future of how people view Blockchain. The biggest challenge is to get people to understand and build a positive association with it, especially with new tokens being launched everyday. There should be more content on Blockchain and the reason why nobody is writing it is because there is a lack of interest in articles related to Blockchain.” - Alex Klokus, CEO of Futurism
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5. Cryptocurrency creates new Investment Models for the Film Industry
“A popular way for independent filmmakers to raise funds is to approach a large studio or to leverage a crowdfunding platform. Through Blockchain technology and a tokenized system, filmmakers can connect directly with their audience from the beginning by giving them the opportunity to become investors in the film. This also enables filmmakers to better understand their audience and provide them with favored content.

Once the audience has invested in the film, they are considered equity holders and are incentivized to market and promote the film, increasing its success rate. With this method of fundraising, artists can also maintain creative control of the film.” - Mitzi Peirone, Filmmaker and Director of Braid (First feature film to be fully financed through equity crowd sale using cryptocurrency)
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7. VR and other Technologies will merge to produce Hyperrealistic Interactions
“Where Virtual Reality (VR) is now is not where it will be in 10 years’ time. In the future, there will be a whole new way of storytelling. Holographic avatars may exist for us to communicate not only with one another, but with historic figures as well. Expect merging of various technologies to produce hyperrealistic interactions.” - Cortney Harding, Professor at NYU, Author and Consultant
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8. Automation, if executed incorrectly, could have the most significant impact towards a Dystopian Future
“Automation and IOT could both have significant impact. When you have automation, the data transacted can come from anywhere, so we need systems to keep them in check or we risk going off the rails. There is a dystopian potential to it.” - Peter Asaro, Assistant Professor at The New School & Affiliate Scholar in the Center for Internet & Society at Stanford Law
9. Utility of Tokens is growing at a rapid rate
“The token is a new form of currency that will fuel the Blockchain economy for the next 10 years. It is not an ownership of some sort, but it can be part of an application or a software. At its core, it consists of an account and an account number. These tokens can represent everything, from financial assets to products. Their utility is growing at a rapid rate.” - Nick Dodson, Founder of Weifund and Boardroom, Consultant at Consensys
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10. A Tokenized System is more favorable for companies than a Traditional Equity System
“Traditional equities such as shares give shareholders the professional rights to a company’s profits. This system of equity drives shareholders to focus solely on growth of profits, and when companies have this sole narrow focus, they are more likely to face market failure. With a tokenized system, a token holder is incentivized to get more people to use the token to increase the company’s financial value instead of getting the company to fixate on increasing profits.” - Joel Monegro, Investment Team at Union Square Ventures
​It was an eye-opening event at the frontier of innovation, with industry leaders delineating how Blockchain and Decentralization are disrupting their respective industries. If you want to know more about other emerging technologies beyond Blockchain and Tokens, check out 6 Emerging Technologies and their Applications.
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A Power Packed Design Driven Meetup: First Designer at Twitter, Product Designer at Facebook and VP of Product at Kickstarter

5/4/2017

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The Design Driven NYC meetup on May 3rd brought an impressive lineup. The speakers were Vítor Lourenço, Partner at Expa and first designer at Twitter, Bradford Shellhammer, Head of Personalization and Engagement at eBay, Jonathan Smiley, Product Designer at Facebook and Deepa Subramaniam, VP of Product at Kickstarter.

In case you missed it, or if you just want a recap, we’ve summarized key takeaways from some of the talks.
Product Designer at Facebook, Jonathan Smiley on Compromising
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The designer’s responsibility is to define and design the product, and they are typically reluctant to any changes to what they have so artfully designed. However, the fact is:
“You don’t have all the answers and there will be compromises you need to make.”
It is difficult to create a product that works for everyone and compromises will usually need to be made in 5 different areas:

           Design 
  • Compromises will be made when designing an all-encompassing product that is visually aesthetic, functional and user-friendly.

    Technology
  • There will be software dependencies that are difficult to develop or change.

    Business
  • Compromises will have to be made when making a choice between benefitting the users or the company’s bottom line.

    Political
  • There will be organizational dynamics and colleagues with different working styles, which will result in compromises that need to be made in design.

    Ego
  • There will be times when you need to be comfortable with the fact that you may not have created the right design.

While compromising, there will be times when you start to doubt yourself but the solution is for you to be clear about your role. It’s key to figure out when and how to compromise. Over time, you will develop good instincts about what users are looking for and bring key priorities for your environment to the table instead of bringing everything to the table.
VP of Product at Kickstarter, Deepa Subramaniam on Team Dynamics, Testing and Engagement
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Though Deepa is currently with Kickstarter, she spoke about her experiences as Director of Product at Hillary for America. Deepa shared with us some tips for building good team dynamics, executing efficient user testing and creating effective engagement.

​
         
Team Dynamics
  • The best outputs will usually be produced under difficult circumstances.
  • Teams which are integrated and focused on their prioritization produce the best results.
  • Collaboration should happen regularly by constantly sharing space physically and where necessary, virtually.
  • Diversity and inclusion are also key to building good rapport within the teams. Creating an inclusive and well-represented team with diverse backgrounds, will result in better outputs through stronger collaboration.

    Testing
  • Use A/B testing and data-driven testing to drive roadmap prioritization and show impact.
  • Prioritize ideas based on timing instead of significance.
  • Test ideas that are “evergreen”, which are valuable for a lengthy time instead of moment-based ideas.

    ​Engagement
  • Get users to take action by being direct and make one clear ask instead of distracting them with multiple vague questions.
  • Provide a guide for your call-to-actions and justify their significance to users.
​Partner at Expa and First Designer of Twitter, Vítor Lourenço on Launching Companies
With experience as the first designer of Twitter and a partner at startup studio, Expa, Vítor explained the lessons he learned from launching more than 10 companies at Expa in 3.6 years.

         ​Find something that sucks
  • You need to find something that you are really upset about before tackling the issue with a solution.

    Define key metrics for success
  • This keeps you attached to the problem you are about to solve. You will need to figure out one number that really matters and make sure that the number grows over time. During his early days at Twitter, the team based most of their decision on intuition without well defined instrumentation for a metric, which resulted in several changes in direction.

    Build focused prototypes
  • Instead of doing ten different things, pick one thing to focus on. Product needs to have a strong core and people often spend time working on ideas without a solid core.

    Tell a great story
  • When possible, invest in a good domain and name right from the beginning. Branding is important and it is not only about the name but how your consumers experience your product and its story.

    Use the scientific method 
  • Carry out multiple tests for product market fit. Create a hypothesis, create your product and test it on users through a/b testing and experiments, review the results and come to a conclusion.​
Although all of the speakers had design and product background, it was inspiring to hear their perspectives from a wide variety of industries. Thanks to Firstmark and Buzzfeed for inviting the power packed presenters, we definitely learned a lot and look forward to the next Design Driven NYC event.
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