Caution - Innovation and Experiments Ahead
Saying that blockchain will not happen in your industry because it will not scale, is ignoring a few key things:
- This technology is still really early on its development track. At this moment, I feel we are barely scratching the surface of what the potential will be.
- A lot of what we see now as active use cases are translations of the world we know, but then in a more blockchain-like setting. Again, barely scratching the surface.
- We are still very much in the experimentation phase, even the longest-running app, Bitcoin, started as an ‘experiment’ in 2009 with a nudge of ’this might work’.
“this might work”
Especially Bitcoin reminds me a lot of the Mars Rover that was sent over for 3 months and ultimately lasted several years in that hostile environment. Every day beyond those initial 3 months was uncharted and an experiment in itself. Sure, Bitcoin has seen a fair share of upgrades along the way since the original code since Genesis, but where exactly this will go and how far is an educated guess for some, a hope for many others.
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