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RE: Reinvent blockchain

in #blockchain5 years ago

Appreciated @sorin.cristescu.

I find your approach about "the little need for Law" on blockchain platforms very valuable.

In blockchain the law is people. It is precisely the p2p interaction that has allowed the democratization of the financial liberation of the masses. The liberating character of blockchain lies in its independence from traditional financial systems and private banking.

Just thinking that a SWIFT transfer can take up to five days to complete and that a blockchain transaction only takes seconds, has shaken governments that remain supported by financial structures based on Fiat.
There are already several nations that have embarked on their path towards the adoption of blockchain, although behind this there is not precisely "liberating ideals."

Bitcoin and Ethereum are pioneering messes in this matter, but there are currently thousands of blockchain that adopted this path. I agree with you that most existing platforms are only dedicated to "link blocks" and not to foster the true liberating potential of "linking people".

It was very nice for me to read your post. Thanks for sharing.

Your Friend, Juan.

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My point is that in between "fully liberating" blockchain applications (such as "p2p electronic cash" - bitcoin) on one hand and "chaining blocks but fully controlled" blockchain applications, there is a lot of value in applications that leverage blockchain technology in a "partly controlled, partly liberated" setting ...

I feel that you are considering a "hybrid" scenario. This made me think of a project I studied recently.

Currently there are many blockchains, but they all act "isolated", there is no interoperability.

There are several projects that are making interoperability between blockchains real. But there is one that goes beyond and allows interlocking permissionless blockchains with private blockchains. In fact, it also allows interoperability between blockchain - private network, raising the possibility of a hyperconnected future that allows value transactions.

You can know a little more in my post.

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