paint-brush
The painful path to build a Blockchain startup.by@luisacerv
1,381 reads
1,381 reads

The painful path to build a Blockchain startup.

by LuisAcervOctober 8th, 2017
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

Last year when my brother and I decided to create a startup everything was laugh and fun.

Company Mentioned

Mention Thumbnail

Coin Mentioned

Mention Thumbnail
featured image - The painful path to build a Blockchain startup.
LuisAcerv HackerNoon profile picture

Last year when my brother and I decided to create a startup everything was laugh and fun.

We began by creating a platform called IUSMUS, it was simply a platform to allow literary authors to handle their works and print them on demand.

However this idea required third parties as the printing press, in the end all the research led us to the conclusion that the only way to keep prices low for us, for writers and mainly for readers was to have our own printing press as well due to the lack of resources for the acquisition of the machinery as well as the lack of interest of the investors we had to move in another direction.

We tried to use part of what was built, but nothing gave us that value we were looking for.

All our lives we grew up in business, our mother has been an entrepreneur ever since I have a memory and I personally always helped in everything we undertook. From ordering stationery to a radio communications company, then help by pasting labels and marking boxes in a shoe store or in charge of our restaurant-bar.

In those years I learned something very important, whatever business you undertake you will always need an efficient administration, in the absence of this, you are simply going to fail.

In Mexico there are 3 952 422 million micro enterprises, not counting the medium and large ones.

Of this number 75% will fail after the second year. There are several reasons why companies fail but the main one is mismanagement and resource management.

The idea came like lightning:

We need a business management tool as accessible as Facebook or What’s app

Simple no?

I started by building something very simple, a cloud selling point called Kchin, the idea was simple, you create a user and you have access to a web tool that allows you to create inventories, manage collection processes, generate receipts and sales statistics.

We then realized that we needed to give entrepreneurs a tool that would allow them not only to manage inventories, but also to process payments, to create online stores, and to connect their business branches to private management networks.

That’s how I decided to integrate blockchain technology into Kchin and more than eight months have passed since then.

With the boom of Ethereum, Waves and other blockchain platforms today it is simpler than ever to create a token and sell it, however it was not this kind of technology what I was lookingfor Kchin.

Today we are a few months away from launching the new version of Kchin a beta that includes a native desktop application that allows running a Kchinchain node as well as creating private nodes.

It has been a long way here, I am excited about the idea of ​​creating something that far surpasses the main idea and that all this time has been in constant evolution and has made me grow as a developer.

It has been a long, painful, tiring and often disappointing road, however it has been worth it, there has been a great learning and in the end that is the only thing nobody can take away