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RE: ALERT: Blockchain Disasters Incoming

in #bitcoin7 years ago

I know first hand atleast in a leading fintech company, whats happening. They want to use the power of block chain but at the same time cannot accept the open nature of it (due to regulatory costraints) . So most of them make a clone of public block chain and make it private .At that point its a glorified cloud database. But I think some folks are trying to find a middle ground...Nothing wrong with what they r doings, its not really a decentralized block chain, but just using some aspects of block chain innovation. I think this is how more real world adoption will happen. I dont expect a true killer block buster block chain product to happen anytime soon,especially in the business world. First shot will be in consumer market itself