[ad_1]
Blockchain, Cryptocurrency, Ethereum (ETH) –Despite the fall in the price of cryptocurrency, which hit a new low for the year when Bitcoin slides to $ 3700, the push for companies to integrate the blockchain into their services is still alive and strong.
However, the misappropriation and misalignment of the pursuit of the blockchain has the Vitalik Buterin of Ethereum which finds the fault of the race for the latest product of the technology. While EWN previously reported On the recent development of companies that switch from the language of "blockchain" to "distributed ledger technology", the desire to offer service as a technology or to improve the existing framework was a dominant speech in the world of fintech and beyond. From Facebook, IBM and automakers to the most obvious industry in the banking and global remittance sector, blockchain has found a way to reinvigorate new projects despite the close association with the collapse of the cryptocurrency market.
For co-founder of Ethereum and vocal vault advocate of Vitalik Buterin, the proverbial rush to implement blockchain in various industries is little more than a distraction or a blank marketing attempt for companies that will not benefit from the technology . In a interview On November 27th, published by Quartz on November 26th, the young founder affirmed that the wrong application of blockchain by companies seeking to capitalize on the recent hype eventually leads to "wasting time" for the authors.
Buterin continued,
"Sometimes it's for marketing hype, sometimes it's just people who are genuinely enthusiastic about blockchain 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 ".
While some companies have little to do with the integration of the blockchain, Buterin has highlighted the obvious cryptocurrencies based on the transaction and cross-border payment programs as two sectors that will benefit from the blockchain. However, other sectors will have to wait before the technology can be sufficiently tested on a scale or prove to have a direct advantage,
"Any other ideas – be it self-sufficient products or identities – is clearly something that still takes a long time to be worked out before you can see [if it] it makes sense on a scale "
Buterin also shared his opinion on the generation of blockchains by calculating the IBM giant and other large companies, in particular the lack of decentralization promoted by the regulated industry,
"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 … absolutely not the point …."
Long Blockchain Corp., the former beverage producer turned into bitcoin miner, is one of the most striking and shameless examples of blockchain appropriators. However, there is room for some innovation in areas that previously did not seem obvious. In the case of Buterin, he finds the approach to authenticate university degrees through blockchain as an indication of myriad and growing possibilities for technology, although some companies seek to capitalize on the current hype.
Source link
