2018-7-25 09:03 |
As Kai Stinchcombe puts it in Ten Years In, Nobody Has Come up With a Use for Blockchain, blockchain has no real use except “currency speculation and illegal transactions”.
In my earlier posts, I discussed how blockchain removes the middlemen, so let’s focus on two new aspects here: is this necessary?
Hacking a blockchain is much harder than hacking a database, and if some nodes in a blockchain network fail, the rest of the net will keep functioning just fine.
Blockchain to Prevent Fraud
Returning to the case of Katlego Marite, blockchain could actually be the only platform which prevents such transactions.
Blockchain has the ability to do much more than just facilitate illegal transactions and speculation – it can bring power to the people.
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