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Every now and then I read a press release from some organization about how they're using crypto or going to use crypto (aka blockchain) to solve some industry p
by linuxftw 4y ago
Every now and then I read a press release from some organization about how they're using crypto or going to use crypto (aka blockchain) to solve some industry problem. For the life of me, I can't figure out how any of these ideas will ever bare any fruit.
Does anyone know if companies are actually using blockchain for production, revenue generating business (real companies, not crypto companies)?
- nicholasbraker 4y agoQuant Networks. The token is used as a license key for using the Overledger network. Clients pay in FIAT, Quant network uses this to buy the token and secure the use of the Overldger functionality. Overledger enables interoperability between distributed ledgers (permissioned and permissionless like BTC, ETH etc.) in use by banks today. IMHO this is a legitimate and specific use case and very very rare in the crypto world. The company Quant Networks is a legitimate company.
- linuxftw 4y ago> Overledger enables interoperability between distributed ledgers That sounds fancy, but who's actually using it in production? All these blockchain companies are highly self referential. It all sounds like 1) Build Block chain. 2)???? 3) Overledger.
- nicholasbraker 4y agoQuant is a private company with NDA's limiting the freedom of communication they have with their partners. But LACCHAIN (https://www.lacchain.net/home?lang=en https://www.lacchain.net/home?lang=en) uses Overledger nodes (see the dashboard at https://dashboard.lacchain.net https://dashboard.lacchain.net) Oracle uses the Overledger product as part of their Oracle Blockchain proposition which is offered via Oracle Cloud. The use of their token is not a means to an end, it's only used for licensing of use of their software. Clients do not know nor care that it's a ERC-20 token, they pay their licenses in FIAT.