Blockchain Reimagined: AIBlock’s Vision for a Trustworthy Digital World
Crypto, in many regards, has failed, but blockchain is just beginning.
In the world of crypto, where fortunes are made and lost with vaporware, it is easy to become despondent. Satoshi, the creator of Bitcoin, promised a world where the financial status quo would change for the better, but instead, the industry devolved into gambling, Ponzi schemes, or just outright fraud.
Blockchain, as a technology, has so much potential, and yet, beyond Bitcoin’s store of value, it has remained underutilized. Developers instead build projects that are far from the genuine concerns of everyday users – it’s even been joked that blockchain is a solution in search of a problem.
Yet, the reality is that the underlying technology has the potential to change not just how we save and invest our hard-earned money but also how we manage all our digital interactions. Blockchain is a way to create trustless interactions with perfect strangers – everything is on-chain, there for everyone to see.
That is what blockchain can solve – trust.
Trust is a rare commodity online. When given out of necessity, it’s abused. Companies steal user data and use their assets without their consent, all while users have little recourse.
This horrible state of affairs will only change when users take a stand and decide that enough is enough. The blockchain revolution is about more than just managing your finances, but managing your whole digital footprint and how it relates to others.
There have been some attempts at expanding blockchain functionality. For example, Filecoin is a blockchain-based cooperative digital storage and data retrieval method. However, storage is just a fraction of the whole picture; you also need to be able to meaningfully use and
Read more on cryptonews.com
