Forget Bitcoin and Ethereum for a sec. Blockchain, the tech behind these digital currencies, has a lot more to offer than just making (or losing) you money. This article explores the exciting potential of blockchain to solve real-world problems and revolutionize industries beyond finance.
Imagine a world where your academic records are tamper-proof and easily verifiable, or where land ownership is securely documented on a digital ledger. These are just a few examples of how blockchain is being used to make a positive impact.
The key takeaway? Blockchain is more than just a fad or a get-rich-quick scheme. It’s a powerful tool with the potential to streamline processes, boost transparency, and create a more efficient and equitable world. So, let’s move beyond the hype and focus on the real potential of this transformative technology.
Feel free to add your own thoughts and experiences with blockchain below!
Yeah, pretty much. This is one of the reasons LINK was such a cool project. Suddenly it became much easier to realise the benefits of Blockchain in conjunction with existing services.
There have been a few other interesting projects since LINK, but mostly a lot of boring ones. The amount of ETH competitors that don’t really do anything new - besides maybe some performance and efficiency gains has been a period of stagnation in my opinion. Sure, speculative action has been massive and marketcaps reached insane valuations during this time.
But most the projects themselves have been boring. “Yet another L2, another chain, another DEX, another leveraged trading platform, another casino, and another space for useless scam and meme coins as a Gambling LiteTM playground for anyone with a Metamask wallet”.
So boring. Uninspired. Unoriginal. Same old thing, just a different name with a new buzzword marketing spiel.
Some projects came along promising to do something interesting, but most did not deliver. GRT was admittedly interesting. And OXEN even released a decentralised privacy focused messenger that in theory is better than anything before it doing the same thing - except the network crunched after the messenger app released, and the decentralised infrastructure could not cope with the demand. iEXEC RLC promised to decentralise demanding compute workloads - it has failed miserably, demonstrated by its complete inability to provide scalable infrastructure for AI workloads with the release of modern LLMs a few years ago.
The list is endless.
Now there’s KNS. It’s promising, it might deliver, and I hope it does. But that’s all right now. A promise in the wind.
Finally, a chance for something useful to emerge from the steaming pile of shit-stained hype hidden under the veneer of shiny blockchain hopium.