THELOGICALINDIAN - Every anniversary the newsBitcoincom inbox and that of every added crypto newsdesk fills up with columnist releases accessory with chargeless use of the chat blockchain Were not adjoin blockchain technology all of our admired cryptocurrencies are codicillary on it but were angrily adjoin things actuality accustomed blockchain that accept no appropriate to that moniker like the afterward examples
Also read: Bitcoin and Mnemonics: The Art of the Secret Phrase
Blockchain, Because 2024
Bemoaning chargeless allotment of blockchain isn’t annihilation new; this publication, and abounding others, accept been affliction its brand-jacking for months. Since PR companies don’t assume to accept taken the hint, it behoves us to name and abashment some of the added arrant cases, in the achievement that others booty the hint. We’ll alpha with Our Music Festival. The event, appointed for San Francisco on October 20, will be “the first-ever blockchain powered festival.” Its organizers accept been “exploring the abeyant synergies amid blockchain technology and the anniversary business.” Having done some brief exploring ourselves, we bootless to ascertain any. Sorry, OMF, but we’ll pass.
What abroad has accomplished the news.Bitcoin.com inbox afresh from the apple of blockchain? In “Half Of All Millennials Heart Coupons: How Blockchain Will Take Discounting To The Next Level” we apprentice that “Blockchain technology allows for the greatest amount of customization instead of that one-size fits all advertisement on Groupon. The agenda balance allows companies to attending at what a chump buys generally and action added discounts on those products. So basically, consumers get the discounts they absolutely want, not ones that aloof accomplish them absolve their shoulders.”
Finally (or we’d be actuality all day), we accept an email artlessly blue-blooded “Can Blockchain advice farmer?” If “farmer” is planning to body a censorship-resistant broadcast balance to facilitate P2P acquittal of cryptocurrency, yes. Otherwise, we anticipate not.
Replace ‘Blockchain’ with ‘Distributed Database’
A simple agency of cogent whether a artefact needs blockchain is to alter the chat with ‘distributed database’. For example, “Hashed PKI certificates stored on a broadcast database” works. “Distributed database-powered festival,” on the added hand, does not. If any acceptable comes of the constant buck market, it will hopefully be the accident of blockchain as a abounding prefix for products. If it takes addition 12 months of bleeding crypto markets to edger out the blockchain impostors, we’ll booty it. We acceptable account tips, abnormally belief of real-world cryptocurrency adoption. But please, no added abounding blockchain. We aloof can’t booty it.
What are the best antic appropriations of blockchain that you’ve encountered? Let us apperceive in the comments area below.
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