Ethereum's Vitalik Buterin criticizes IBM's blockchain, says "Totally Not the point"

During the conference blockcon of Devcon4 which was held in Prague for 3 days from October 30th to November 2nd, the speakers spoke about the scalability, speed and solidity of the Ethereum project. The panel also highlighted the possible ways to help Ethereum reach the next million users and the contribution of designers and developers to improve the user experience in cryptographic space. However, in a recent interview with the quartz, Vitalik Buterin of Ethereum said that companies that are trying to exploit the recent blockchain advertising campaign is completely a "lost time".

He has declared;

"Sometimes it's for marketing hype, sometimes it's just people who are genuinely enthusiastic about blockchains and want the thing I'm personally excited about and their work to align more, which is a totally legitimate human thing to want to do ".

Vitalik Buterin stressed that the wrong application of blockchain technology by IBM leads to "wasting time"

While asking "what does waste mean in particular". IBM Blockchain buterinicate and said solutions;

I do not understand it deeply, but the detail that has come up is that they are saying "Hey, we own all the IPs and this is basically our platform and you're getting there." And how, it's … totally not the point …

He considered the number of companies trying to capitalize on blockchain and set higher standards, but implementation in all areas is not appropriate. Beyond the cryptocurrency as an international payment, Buterin thinks about other ideas "Whether we talk about products or self-sufficient identity things", surely it needs time. As a product, Buterin referred to the IBM food tracking application that was intended to provide product visibility from the beginning, but was not "sure that IBM would run it or not".

Think that the value of crypto beyond money is that;

Create a token and access immediately to portfolios, multi-signature portfolios, decentralized exchanges and simply use it as collateral: all this infrastructure you would not have access to if you've just created a currency and tried to run it off your server.

During the interview, Buterin appreciates "the authentication of university degrees" in Singapore for non-financial applications based on blockchain apart from the cryptocurrency. He is optimistic about the idea he uses that he said;

The idea is when you get a degree or, potentially, a record from any institution, that record will be digitally signed, but if it is revoked, a message will be posted on a blockchain.

Ethereum is droEthereum has continuously experienced the sharp decline. It is currently trading at the lowest value with a value of $ 106.86 on the third position following Bitcoin and XRP.

What's your opinion?

-> Do you agree with the statement by Buterin on IBM Blockchain?

-> Will The Ethereum Crash Continue?

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