The Appeal -
podcast hosted by Adam Johnson, is where we take a deeper look at the most important criminal justice stories of the week.
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Wednesday, 3 January 2018
quote [ Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain—besides currency speculation and illegal transactions. ]
To be fair, the blockchain has become an excellent demonstration for how and why the value of a "currency" is dependent on the healthy and stable infrastructure of that currency's "society." Sadly, that lesson seems to be completely lost on the people who are typically gungho about the blockchain.
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zenviper said @ 11:13am GMT on 4th January
Yes and no. There is speculation on Stellar as an asset, however, it is also being used as a system for cross-border financial transactions.
There are a lot of financial business processes that stand to be improved by block-chain. For another example, tZERO is worth checking out.
zenviper said @ 11:17am GMT on 4th January
Yes and no. There is speculation on Stellar as an asset, however, it is also being used as a system for cross-border financial transactions.
There are a lot of financial business processes that stand to be improved by block-chain. For another example, tZERO is worth checking out.
It is still very early days for blockchain. If used for currency and transactions (highly speculative) it actually stands to eliminate the shadiness that we have come to expect from central bankers and financial institutions by introducing transparency and an operating framework that doesn't allow tampering with the numbers.
<-- Entry / Current Comment
zenviper said @ 11:13am GMT on 4th January
Yes and no. There is speculation on Stellar as an asset, however, it is also being used as a system for cross-border financial transactions.
There are a lot of financial business processes that stand to be improved by block-chain. For another example, tZERO is worth checking out.
It is still very early days for blockchain. If used for currency and transactions (highly speculative) it actually stands to eliminate the shadiness that we have come to expect from central bankers and financial institutions by introducing transparency and an operating framework that doesn't allow tampering with the numbers.
