How blockchain innovates:
Old technology: autopay, EZPass
Blockchain innovation--- smart contracts-- Because they are irreversible, you don't have to argue when a coding error causes you to be overcharged.
Old technology: event tickets traded on stubhub, gift cards
Blockchain innovation: Utility tokens ---Lose your private key & the person who was going to sit behind you gets a better view (unless a tall person stole your key).
Old technology: online deed registries.
Blockchain innovation: blockchain deed registres -- Lose your private key, you won't need a locksmith because you won't own your home.
Old technology: Banks with online banking.
Blockchain innovation: cryptocurrency, bitcoin People who can't manage their private keys lose their wealth.
No comments:
Post a Comment