Companies and blockchain: two not so different entities.

in #cryptocurrency5 years ago


Today, the boom that cryptocurrencies have had in the global economic system has had a particularly strong impact, to the point of capturing the attention of the main financial players globally. Multimillion-dollar integrations are spoken, bringing anonymity to its maximum expression without neglecting the efficiency and speed of exchange. However, the actual use, at the enterprise level, is not only in cryptocurrency, but in its base, the blockchain.

The blockchain is nothing more than, exemplifying, a rudimentary accounting book, with the difference that its alternability is little, and even nil. With this foundation the construction or development of the cryptocurrencies in question has been carried out, in addition to projects that serve to exceed expectations, such as intelligent contracts, a tool with greater applicability and "acceptance" in the business world.


 "A smart contract, is an application that acts under a programmed code, which works as a physical contract but without the need for a regulatory member, and automatic execution."

However, the implementation of this new technology has come with challenges of great scalability. If we place it within a company with rough subdivisions, we will see in more depth the problematic of the same blockchain ecosystem, engaging each piece to be able to create the harmony sought will depend on each organization, rather than on the same network. This without commenting on external factors, such as the lack of legal regulation, a point that strikes, contradictorily, in the main premise, trust.

The battle does not end yet.

Countries such as the USA, Switzerland, India, as well as Latin American countries, Mexico and Argentina, have made known their "rules of the game" in relation to it, focused on crypto-assets; others like China or South Korea, show a more reluctant attitude, taking as perspective their illegitimate use, in addition to their direct relationship with sites in the deep web, however, the latter does not take away the enthusiasm and curiosity of the people to know and develop projects with the network. 

 "Portals such as Oracle, Microsoft and SAP, are integrating their software platforms to the blockchain" PwC España 2018 

There are many cases of theft, or cyber attacks, which have questioned the "promised technology", making users act, some in support of the growing technology, delving into their "beginners' mistakes", showing themselves to be very enthusiastic, and others in counterpart, exposing the insecurities of a network without regulations or measures, where speculation is the order of the day.

Beyond taking a stand, for or against, we must question to what extent we can integrate the blockchain to civilians, and to what extent the receptivity of society will be achieved, once we have defined it, or at least, we can have a more detailed view will know with reasonable certainty what path to take, however, it will be the trial and error responsible to give us the answer clearly.


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