Acne Buterin: incorrect application of the blockchain is a waste of time

Date:

2018-11-28 15:15:08

Views:

3696

Rating:

1Like 0Dislike

Share:

Acne Buterin: incorrect application of the blockchain is a waste of time Source:

Yesterday in an interview with Quartz co-founder of Ethereum Vitalik Buterin stated that improper use of the blockchain leads to «waste of time». «Push» the blockchain in any industry is not necessary, even if in this way companies try to raise the standard of services in the market. This applies particularly to IBM — the technology giant should not spend forces for the introduction of the blockchain to track food.

the

Why do we need the blockchain

It Turns out that new technology should be applied only in needed for this fields.

Sometimes the blockchain to implement marketing hype. The thing in human nature. People are just too addicted to the new technology and trying to spread it everywhere.

According to Buterin, blockchain is better to apply in crypto-currencies and payment systems.

Any other ideas, whether it be production of goods or identification of something, still need to work out because we don't know yet if we need the blockchain at all.

But what exactly is not you need to do is to build a proprietary blackany inside large corporations. This is now closely involved in IBM, so he took the opportunity to criticize the strategy of the management of the company. This idea has potential, but acne is not sure if the company successfully implement its plans.

I don't understand the meaning of these actions. For me it is something like «Hey, we own all IP and this is our platform, so you're going to use». There is no benefit.

image Source — Bitcoinist

But the prospect of using the blockchain in their studies acne like. We will remind, earlier the Ministry of education Malaysia has announced the approval of the University consortium, which will deal with fake diplomas using the blockchain. Even more interesting about the new technologies you can find in our .

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

Traders: on cryptomeria observed a significant decrease in trading volumes

Traders: on cryptomeria observed a significant decrease in trading volumes

According to the analytical portal Diar, trading volumes on cryptomeria significantly declined since the beginning of this year. Experts have examined the data from eight of the leading trading platforms — Binance, OKex, Huobi, Bi...

How varied the interest of Russians to Bitcoin? The Study Yandex

How varied the interest of Russians to Bitcoin? The Study Yandex

Analysts of Yandex, set a goal and watched as the Russians have been interested in Bitcoin since its inception. Forgot to separately study and cryptolibrary in December last year and analyzed the queries at the peak of the cryptoc...

In search of freebies: how to make money on the hands of cryptocurrency?

In search of freebies: how to make money on the hands of cryptocurrency?

If you've always wanted «easy money», you came to the right place! In the crypt is easy enough to reward a couple of simple actions. Such an award is often called «bounty» the English translation of the word. H...

Bitcoin Cash rolled after the fall. When will growth?

Bitcoin Cash rolled after the fall. When will growth?

Cash till holds above $ 165, and sellers slow down. In the following days, the cryptocurrency may well revert to $ 185. To start forming uptrend BCH needs to gain a foothold above $ 200. However, sentiment in the market yet do no...

New study: 51 percent Attack Bitcoin is impossible

New study: 51 percent Attack Bitcoin is impossible

associate Professor in the Department of electrical engineering Indian Institute of technology, Bombay Professor Saravanan Vijayakumaran published a new research work dedicated to the security of the Bitcoin Protocol. He found out...

Inside the Nasdaq will start trading Bitcoin futures in the first quarter of 2019

Inside the Nasdaq will start trading Bitcoin futures in the first quarter of 2019

While everyone is waiting for the promised start of trading Bitcoin futures on Bakkt, Nasdaq has prepared a surprise for cryptocommunist. According to Bloomberg, famed American stock exchange to start trading derivatives for cash ...

Mining died: Russians massively sell their GPU farms and asik

Mining died: Russians massively sell their GPU farms and asik

the crisis in the cryptocurrency market have affected not only the miners. Due to the rapid fall of Bitcoin, which began a week ago, the Russian cryptomnesia also actively sell their farms for mining. This is reported by journalis...

Fall is a Bitcoin to $ 2,500? The opinion of an experienced trader

Fall is a Bitcoin to $ 2,500? The opinion of an experienced trader

exchange Oanda Trader Stephen Innes discussed with representatives of Bloomberg, the situation on the stock market. He also spoke about the fall of Bitcoin in the last couple of weeks. The trader was asked to substantiate his rece...

Mining all: Hasrat Bitcoin crashes due to mass disable ASIC-miners

Mining all: Hasrat Bitcoin crashes due to mass disable ASIC-miners

More than 600 thousand ASIC miners had been unplugged for the past two weeks. It is declared by Mao Lixing, pool F2Pool founder. According to the mass shutdown of the machine caused the fall Hasrat from 47 to 41 eczanesi. In other...

CEO Shapeshift: a sharp drop in Bitcoin is a sign of euphoria bears

CEO Shapeshift: a sharp drop in Bitcoin is a sign of euphoria bears

the stock market is heading into the abyss — it is this idea appears after you look at the fully red coins on Coinmarketcap. Last week the cryptocurrency has broken some important resistance levels and is on track to $ 3,000. It w...

Why Bitcoin is a critical component of today's economy? Explains Edward Snowden

Why Bitcoin is a critical component of today's economy? Explains Edward Snowden

Edward Snowden spoke with Ben Wisner for the magazine McSweeney. In his interview, he spoke about the benefits of cryptocurrencies and blockchain showing his optimism about the potential benefit of Bitcoin to society. Wiesner desc...

Why cryptocurrency markets will unfold in the next year? Expert opinion

Why cryptocurrency markets will unfold in the next year? Expert opinion

In an interview with the Financial Times, former Goldman Sachs partner and founder of Galaxy Digital predicted the trend reversal cryptanalytic market in the next year. According to him, to build a business in a bear market is alm...

The new Bitcoin rally to be, but when? Response the CEO of BitPay

The new Bitcoin rally to be, but when? Response the CEO of BitPay

Chief operating officer of the international Bitcoin payments BitPay Sonny Singh spoke with Bloomberg. He assured that he is not worried about the recent drop in prices and market capitalization of the stock market. The expert is ...

Ripple is not going to fall. Will there be growth?

Ripple is not going to fall. Will there be growth?

Ripple, unlike the rest of the stock market, while there is still at least a tiny hope for growth. This hope will live up to that time, the coin will not fall below 35 cents. By the way, last week, the XRP has become one of the mo...

The Ethereum holds above $ 100. The fall ended?

The Ethereum holds above $ 100. The fall ended?

Yesterday the price of Ethereum had to go through two important mark the asset for some time fell just below $ 100, but then quickly rose to previous resistance line. It seems that buyers are not yet ready to give up so quickly in...

Analyze charts: Bitcoin fell back to $ 4,000. What's next?

Analyze charts: Bitcoin fell back to $ 4,000. What's next?

Thanks to the efforts of state Treasurer Josh Mandel 23 companies in Ohio will now be taxes in bitcoins. This news is a real breath of fresh air amid the constantly red market. What about the prices of the main cryptocurrency? Aft...

Norwegian miners are fleeing the country to neighboring Sweden. What is the reason?

Norwegian miners are fleeing the country to neighboring Sweden. What is the reason?

In recent years, the Swedish data centers receive a vast number of requests for cooperation from the Norwegian miners. We will remind, this week the Norwegian authorities have revised fiscal recovery of the energy sector of the co...

Analyst: draining of the stock market did not affect the fundamental advantages of Bitcoin

Analyst: draining of the stock market did not affect the fundamental advantages of Bitcoin

died? As it is not so! Analyst at Morgan Creek Anthony Pompliano believes that in recent months, for cryptocurrency, nothing has changed. It will be sure to grow in the future, and the reversal of the bearish trend's exactly what...