4 ms·
There isn't currently a huge demand for public crypto currencies but I see a lot of demand from enterprises (particularly in financial services and supply chain
by dhh2106 8y ago
There isn't currently a huge demand for public crypto currencies but I see a lot of demand from enterprises (particularly in financial services and supply chains) for blockchain. The tech is iterating to solve for these needs.
I don't think that means public crypto has failed or will go away. It just needs time to mature as a technology.
Fwiw, I find it interesting that OP says public crypto failed because of both fundamental misunderstandings and immature tech (internet trying to compete with newspapers in the 80s). Eventually, the internet was able to compete with newspapers and I think eventually public blockchain will compete with centralized companies.
Networks can benefit from economies of scale without the rent seeking bottlenecks.
- wpietri 8y ago> I see a lot of demand from enterprises (particularly in financial services and supply chains) for blockchain. Sorry if I wasn't clear. I understand that's the claim. What I'm asking for is not general areas, but specific examples of where a blockchain is actually in use and delivering value. As far as I've seen, all of the examples in those areas are at best pilot projects. Actual utility seems to be somewhere close to zero. E.g.: https://www.theregister.co.uk/2018/11/30/blockchain_study_finds_0_per_cent_success_rate/ https://www.theregister.co.uk/2018/11/30/blockchain_study_fi...