The blockchain technology has been identified as a means of supporting and boosting upstarts and small businesses. The open source protocol, transparency, and peer-to-peer interactions makes it suitable. Your idea looks good on paper. Time to get to work.
I believe on the same thing. While cryptocurrency is at the turmoil right now and greatly riddled with so many scams and frauds, the technology behind this all which is the blockchain that is the one which is more important and has the potential to revolutionize many sectors including the SMEs players. Small business can be lean and can easily adopt to new technologies provided there is already an available infrastructure they can easily use...this is now the challenge of many providers to come up with the effective, robust but very much affordable platform for small business that can bolster their business and can level the field in the face of so much competition for customers' attention and purchasing power. This is the time for small business to shine...
We are all in it surely for the technology and the whole scam thing is just a distraction from scammers and those who are looking for different means to get rich over night without having to take their time to study and understand the market they are in and how to play safe.
I believe with Small and Medium Scale Enterprises, adopting blockchain technology, it will certainly help in boosting their business in a whole lot of way than we can even imagine. I guess we are already beginning to see that gradually anyway and I believe over time, we will get to see more.
Yes. We all know that major corporations are adopting blockchain in some shape or form. When the technology becomes more dominant and cheaper to implement, more use cases will be developed for different niche markets.
In fact, I argue that blockchain was really invented to help to grassroot population and not meant to make rich people or major corporation richer. It was meant to cut out the middleman so regular people like us can have access to financial or data systems directly. And then as stakeholders, we all get to vote on what we believe is right. The blockchain consensus mechanism has the potential to significantly reduces lobbying-type of influence, fake news, or manipulation of data.