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its only a matter of time before bank settlement and cross border payments are all done on blockchain. I would think that asset tracking and real esate deeds ar
by solotronics 9y ago
its only a matter of time before bank settlement and cross border payments are all done on blockchain. I would think that asset tracking and real esate deeds are a great application. Asking why these things aren't on the blockchain yet is like asking why businesses aren't using the internet in the 1970s.
- api 9y agoThat's the core use case I mentioned: currency and wire transfer. I've used it for that and the value is there. I will add though-- the major reason cryptocurrency has so much value in that space is that the alternatives (bank wire, Western Union, etc.) are so terrible from a UX perspective. If those alternatives vastly streamlined their UX I think a lot of the value in cryptocurrency in the developed world might disappear. It might still have value in countries without good and reasonably stable banking systems.
- CPLX 9y agoAre you at least somewhat aware that the user experience of cryptocurrency is currently abysmal, and worsening?
- joosters 9y agoWhy? Putting blockchain in there just adds more FX transfers. USD<->GBP now becomes USD<->BTC<->GBP, so why would you expect that to reduce costs and improve efficiency?