Eye on the Supply: AION 2020 Recap

Joseph P. DiPasquale
9 min readDec 28, 2020

This is a long one. Hunker down.

TL;DR

This post covers:

  • Why the Aion Project became The Open Application Network
  • What Moves Financial, The OAN, and AION mean to each other
  • Recent changes to AION’s long-term supply dynamics
  • Core tech improvements to The OAN for AION holders, validators, and developers

Do Your Own Research. Sources are linked throughout, and you can find a list of comprehensive information resources toward the end.

How It Started — Q4 2019

The Aion Project began in 2017 and became The Open Application Network at the end of 2019. AION remains The OAN’s native cryptocurrency.

The most significant change was the project’s go-to-market strategy. Rather than building technology solutions in search of problems to solve and academically-interesting experiments without a clear path to production, The OAN aims to bridge the product-market gap between public blockchain infrastructure and consumer users by solving real-world problems.

In particular, The OAN identified stakeholder misalignment as an emerging unintended consequence of online platform economies, which connect buyers with sellers, content creators with audiences and advertisers, and independent workers with gigs:

As implied by the new brand, Open Applications are the proposed solution to these “platform problems.” Open Apps are programs that use blockchain as a neutral data infrastructure, are universally accessible across platforms, and give more control, ownership, and transparency to platform stakeholders. Rather than…

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Joseph P. DiPasquale

Joseph is a Chicago trial attorney interested in blockchain technology and alternative dispute resolution.