THELOGICALINDIAN - Andreas Antonopoulos thinks it is not important whether retail giants such as Amazon accept Blockchain instead advancement consumers to accept it themselves
Speaking as allotment of a Q&A affair during an actualization at the WeAreDevelopers World Congress in Vienna in May, the acclaimed cryptocurrency drillmaster said that business “has consistently been local” and decentralized technologies fabricated it accessible for it to become alike added so.
“The catechism is: will you accept [Blockchain] to advertise your artefact to addition person?” he asked.
Antonopoulos drew a abrupt bisect amid accessible and centrally-controlled Blockchain implementations, arguing that ample multinationals had too abundant to lose from antibacterial “hierarchical” business setups to accident application decentralized innovation.
Such addition represented a “poison pill” for companies like Amazon, he said, continuing:
Asked how the person-to-person bartering archetypal he mentioned would action at scale, Antonopoulos responded that decentralized solutions such as Bitcoin meant that this was a non-issue.
Personal affairs become arguable application the Bitcoin blockchain and do not absorb the aforementioned constraints engendered by two bodies exchanging in being via added means.
“This is a transaction I cannot do with the acceptable cyberbanking system,” he added.
The abstraction of assurance – or abridgement of it – continues as a point of agitation in Bitcoin circles as advances in Lightning Network and sidechain technology account belief about the charge for added centralized altcoin blockchains.
As Bitcoinist appear this week, both Blockstream and the BHB Network are currently alive on tokenization protocols which would let users affair about any anatomy of asset on Bitcoin.
At the aforementioned time, criticism abounds over absorption begin in projects such as Block.one’s EOS platform.
What do you anticipate about Andreas Antonopoulos’ angle on P2P commerce? Let us apperceive in the comments below!
Images and media address of YouTube/aantonop, Wikimedia Commons
