Tron for Non-Cryptos….

Many of you out there may be wondering about where or what is Tron?  You may have seen it in the news, heard about it from some of your millennial, geeky friends. Seen it flash up on Twitter.  But, for those of you who know nothing about Tron, we at Global Coin Report plan to change this.

Why?  Well, Tron is potentially one of the biggest things to hit the internet in perhaps the last 25 years. Yes, that big folks!

Every now and then something groundbreaking comes along to change the status quo.  It could be a new technology, a new political narrative or a new religion.  But, the primary concern here is that it most certainly changes things.  Usually for the better, otherwise people do not adopt it or want it or indeed pay for it.  So, why is Tron featuring within this lofty band of world-changing themes?  Well, its CEO, a young guy called Justin Sun, has set out to do just that.  He wants to change the way we consume the internet.  Change the way we interact with the internet.  Change the way we pay for and get paid by the internet.  In short, he wants to take on the big boys. And I just love that.

For too long now, America, Americans and the American investment community have owned the internet.  Think about it. Apple, Google, IBM, Spotify, Netflix and many more determine what we see and hear, how we see and hear it and what price we pay.  It’s actually ridiculous if you stop and think about it.  Why should this small select band of American tech giants own so much of us?  And all for profit.  Let us be 100% clear here.  It’s a closed club and others are not truly welcome.  And this is where Tron comes into play.

Tron, albeit a cryptocurrency funded organization and initiative, wants to give you and me more control over what we interact with on the internet.  Let me give you an example that will make things simple for you.

Currently, if I want to listen to my favorite artist, I can, for example, pay a monthly fee to Spotify, who will then allow me to steam it to my tablet.  Spotify, in turn, will then pay a small fee to my favorite artist.  What Tron will do is open his up.  My favorite artist can place her music on the Tron Blockchain platform and I can get access to it here.  I can buy it straight from my artist’s account.  Thus cutting out the “middle man”.  This is a lot fairer on my artist and I will get better bang for my money or Tronix coin.

There you go, a simple way to change how the internet is used.  But, alas a lot more will be needed before it all goes this smoothly.  Expect a great deal of mud to be thrown at Tron as it disrupts the current tech ecosystem.

In the coming weeks and months in this column, we will explore what is going on with Tron and delve into the potential upside for anyone who wants to invest in them in the medium and long-term.

Jim Duffy MBE

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Ken Lane via Flickr