Historically, most entrepreneurial ecosystems are inefficient because they lack service design, iterative processes, and service periods to support entrepreneurs. These systems have traditionally relied upon the fields of management and economic development for improvement. This approach has left significant gaps in understanding the entrepreneurial social infrastructure needed to support innovators. In order to invert such entrepreneurial support perspectives, innovative approaches toward peer-to-peer (P2P) activities and platform ecosystems must emerge. This solution is based on my experience as an entrepreneur, innovator, researcher, and resource provider.
Peer-To-Peer/Peer-To-Provider promotes nimble and early decision-making opportunities. Traditionally innovators have trusted institutions based on reputational capital; while limiting the valuable input a peer entrepreneur could provide. A platform ecosystem with trust protocols, immutability, security, and traceability open a whole new world of innovation and decentralized support. The speed of this entrepreneurial support is consistent with Web 3.0 development. It also moves us closer in trusting processes to support entrepreneurs rather than solely relying on reputations to advance innovation.