Post
Topic
Board Economics
Re: Do we need blockchain technology?
by
Jerryzack2
on 19/10/2018, 06:46:45 UTC
Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.


Please enlighten me.

We need blockchain if you can clearly see the beauty of the distributed ledger technology  in action. The problem is, we are having so many ICOs and projects simply build with the aim of getting to exchange and not focused on usability or product delivery. If we have the top100 fortune companies and some governments deploying blockchain, I think their must be something unique about blockchain. The success of a project like Mfchain will make people appreciate blockchain even more, seeing the mass adoption and solution based approach Mfchain is bringing to finance and payments. We need projects that will deliver value and bring blockchain to the people.