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RE: Don´t Even Think About Questioning The Future Of Crypto!!!
While I certainly do believe that blockchain will prevail, I’m starting to question about the coins.
Businesses are according to me more interested in private blockchains to exchange data or assets. A complete private blockchain where all companies have an interest in the shared data, does not really need a coin. All the companies attached will have a beneficial interest that the blockchain keeps running. There profit lies within the shared data, so they don’t need to involve coins.
Or am I wrong?
This is certainly something that many businesses are considering. Some banks for example are looking into this technology to make the intermediation process of the bank faster and keeps a permanent, unchangeable history.
Though a competing technology called HashGraph could be better suited as it allows hundreds of thousands of transactions per second.
A few months ago I read an article about the tuna industry taking up the blockchain to record all logistics of the product so consumers can see exactly where the fish came from. I believe the integration is starting to happen.