Thursday, December 5, 2019

Blockchain Everything: The Right Thing To Do?

BTCNN aim to be the key source for both digital currency experts and newbies. With the cryptocurrency industry growing so fast we want to educate our readers about all the latest developments as they happen.

Always, in the history of mankind, the revolution comes before the evolution. And with revolution, comes revolt. This applies to every discipline of human life: socially and technologically. And blockchain does not escape this course of events. The blockchain is indeed a revolutionary technology by itself, with millions of possible applications. But, like all techs at its beginnings, his outreach was misdirected by our worst defects.

Greed. That’s why still today, cryptocurrencies are the prime application of blockchain. Of course, cryptocurrencies have grown to make things better, easing some tasks that in other ways would be impossible: decentralized payments, remittances and such. But, with their inception, they have also originated the exchange market, making them an investment instrument, prone to manipulations.

The truth is that even blockchain has its limits, and we are eyeing it right now. The phenomena of the ICO’s has brought blockchain tech to a new level, making it ubiquitous in every business proposal as an accessory, rather than as a pivotal tool to be used. Sometimes, some of these proposals feel complete without the blockchain component, and it seems they only threw it in there as an afterthought, just to justify the ICO tag.

It seems that we are in the revolt stages of the blockchain tech and that through ICOs and other projects, people are trying to add blockchain to everything just because they can; and projects made with this ideology have an ill future, to say the least. We must strive for developers to build apps with blockchain in mind; not using it only as a tool to lure money into an incomplete concept. And regulation must contribute as a catalyzer to stop this madness until we reach the said evolutionary stage. In the meantime, we can only watch the chaos from above this wonderful tech that will aid us in the near and far future.

- Advertisement -
- Advertisement -

Latest News

BDO Network Announces FY19 Global Revenue of $9.6 Billion

CHICAGO & BRUSSELS--(BUSINESS WIRE)--BDO, one of the world’s leading global networks of independent public accounting firms, today announced its...

Persimmony Celebrates 17 Years of Providing Case Management Software Serving the Public Good

IRVINE, Calif.--(BUSINESS WIRE)--On Dec. 9, Persimmony celebrates its 17th anniversary of providing case-management services in the health care and social services arenas. Persimmony has grown...

Figure Closes Series C Round of $103 Million to Expand Lending Products and Executive Hires

Morgan Creek Digital Leads Round, Firm’s Co-Founder and Partner, Pompliano Joins Figure Board As Company Marches Forward on Mission to Reinvent Lending Through Power...

CULedger Showcases Successful Cross-Border Payment Solution, Supported by Partners R3 and Luxoft, a DXC Technology Company

DENVER--(BUSINESS WIRE)--CULedger, a credit union service organization (CUSO) that focuses on delivering the world’s premier network of one-to-one financial exchange for credit unions, unveiled...

Cargo Insurance Market Procurement Intelligence Report | Evolving Opportunities With Allianz SE and Chubb Ltd in the Cargo Insurance Market

LONDON--(BUSINESS WIRE)--#MarketIntelligence--SpendEdge has been monitoring the global cargo insurance market and the market is poised to experience spend growth of more than USD 5...