Blockchain hype and common sense

Pavel Kravchenko argues that technologists don’t care about legal framework, business processes and integration, business people don’t care what technologists mean under “blockchain”.

He provides the following 5 points that how blockchain can be effectively used:

  1. Prove that blockchain works with real use-cases that touch traditional finance. People need time to realize it is a reliable thing 🙂
  2. Digitize assets via building government registries, core banking systems, stock exchange software etc.
  3. Build cross relationships that require the same APIs (essentially make it happen for code to manage private keys and execute transactions between institutions) — you’ve got financial intranet!
  4. Scale infrastructure — build financial internet — that’s where real value comes from.

Read more at Decline of Blockchain hype and rise of a common sense

Photo by bixentro

Leave a Comment