While the majority of ICOs so far have been for pre-revenue blockchain initiatives, we’re seeing increasingly technology firms build round a paradigm of decentralization. Some high-profile ICOs have raised lots of of millions — even billions — of dollars earlier than proof of a viable product. Filecoin, a blockchain knowledge storage startup, raised $257M, whereas EOS, which is building a “world laptop,” raised over $4B in its year-long ICO. Ripple and R3, among others, are working with traditional banks to deliver larger effectivity to the sector. One big reason behind the coming disruption of the payments business is the truth that the infrastructure supporting it’s simply as liable to disruption — the world of clearance and settlements.