Blockchain design wins: where are they?

legiteum

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Quote from: digaran on December 31, 2023, 03:24:33 AM

What more design win you want other than the fact that after appearance of Bitcoin which is based on blockchain technology we are witnessing the demise of dollar as the first world currency and the most powerful currency in the world? And this is the first step in a bigger change that will come in the next decade. And there is nothing stopping it.

Yes, I guess I should have qualified, "besides cryptocurrencies".

Different subject, but...

As we've discussed in other threads, Bitcoin cannot possibly take the place of true currencies because it is far too slow and transactions are far too expensive (like, 10,000x too slow and expensive, so incremental changes aren't going to help). Crypto works great as a speculation mechanism, and that's what everybody uses it for, but I personally don't see it ever being used as a means of mainstream payments because of its architectural limitations.

digaran

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🖤😏

What more design win you want other than the fact that after appearance of Bitcoin which is based on blockchain technology we are witnessing the demise of dollar as the first world currency and the most powerful currency in the world? And this is the first step in a bigger change that will come in the next decade. And there is nothing stopping it.

goldenmonke

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Quote from: NotATether on December 31, 2023, 12:53:53 AM

Quote from: NotATether on December 31, 2023, 12:06:20 AM

Nobody's able to shut down a sufficiently decentralized system. Mainly, this benefits financial applications like cryptocurrency. If you look around, you will find there is not much incentive for people to use blockchains to solve other types of problems.

If there was no use for blockchain outside of cryptocurrency, then Amazon would not have created Managed Blockchain and IBM wouldn't have made HyperLedger Fabric. Banks in particular like them, but these are just buzzwords and I don't know why they would be interested in such tech.

Banks like chains of hashes which make it easy to verify stuff. Banks do not like decentralization. Banks will never support cryptocurrency as it competes directly with their core function.

legiteum

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Quote from: NotATether on December 31, 2023, 12:53:53 AM

Quote from: legiteum on December 31, 2023, 12:44:09 AM

Quote from: NotATether on December 31, 2023, 12:06:20 AM

Most things that rely on decentralization are design wins because they depend on a similarly decentralized blockchain, like on top of Bitcoin, ETH. (So not something like a stablecoin or exchange.)

Nobody's able to shut down a sufficiently decentralized system. Mainly, this benefits financial applications like cryptocurrency. If you look around, you will find there is not much incentive for people to use blockchains to solve other types of problems.

I think what you are saying is that there's no use for blockchain outside of cryptocurrencies. Many people are saying things to the contrary, but I am looking for a specific example of a real world solution.

If there was no use for blockchain outside of cryptocurrency, then Amazon would not have created Managed Blockchain and IBM wouldn't have made HyperLedger Fabric. Banks in particular like them, but these are just buzzwords and I don't know why they would be interested in such tech.

There are some case studies here but none of them stand out. I guess nobody has made the "OpenAI of blockchains" yet, because I have yet to see any large application of blockchain outside of crypto.

In fact, there's a veritable graveyard of technologies that tools providers like Amazon and IBM have offered over the years since they are completely hype-driven, only for those technologies to never get past the tire-kicking phase. The tools industry is worth billions and they have little downside in adopting whatever buzzword that comes along even if it's never adopted for a real project with real ROI. In the same vein, big companies like Citibank will allow their CIO's to say things like, "blockchain is cool" but never actually implement anything using it.

Hence I'm bypassing all of the companies who are "excited about blockchain" and instead focused on the application that checks all of the boxes I listed above. Tell me what you can build with blockchain that you can't build without it--and what the real-world benefit to the consumer is, in terms of hard numbers.

This is how you separate a technology that's going to fall by the wayside and one that will stick around for the long haul...

NotATether

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Quote from: legiteum on December 31, 2023, 12:44:09 AM

Quote from: NotATether on December 31, 2023, 12:06:20 AM

Most things that rely on decentralization are design wins because they depend on a similarly decentralized blockchain, like on top of Bitcoin, ETH. (So not something like a stablecoin or exchange.)

Nobody's able to shut down a sufficiently decentralized system. Mainly, this benefits financial applications like cryptocurrency. If you look around, you will find there is not much incentive for people to use blockchains to solve other types of problems.

I think what you are saying is that there's no use for blockchain outside of cryptocurrencies. Many people are saying things to the contrary, but I am looking for a specific example of a real world solution.

If there was no use for blockchain outside of cryptocurrency, then Amazon would not have created Managed Blockchain and IBM wouldn't have made HyperLedger Fabric. Banks in particular like them, but these are just buzzwords and I don't know why they would be interested in such tech.

There are some case studies here but none of them stand out. I guess nobody has made the "OpenAI of blockchains" yet, because I have yet to see any large application of blockchain outside of crypto.

legiteum

member

Activity: 140

Merit: 43

Quote from: NotATether on December 31, 2023, 12:06:20 AM

Most things that rely on decentralization are design wins because they depend on a similarly decentralized blockchain, like on top of Bitcoin, ETH. (So not something like a stablecoin or exchange.)

Nobody's able to shut down a sufficiently decentralized system. Mainly, this benefits financial applications like cryptocurrency. If you look around, you will find there is not much incentive for people to use blockchains to solve other types of problems.

I think what you are saying is that there's no use for blockchain outside of cryptocurrencies. Many people are saying things to the contrary, but I am looking for a specific example of a real world solution.

NotATether

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bitcoincleanup.com / bitmixlist.org

Most things that rely on decentralization are design wins because they depend on a similarly decentralized blockchain, like on top of Bitcoin, ETH. (So not something like a stablecoin or exchange.)

Nobody's able to shut down a sufficiently decentralized system. Mainly, this benefits financial applications like cryptocurrency. If you look around, you will find there is not much incentive for people to use blockchains to solve other types of problems.

legiteum

member

Activity: 140

Merit: 43

Hello folks,

I've been trying to find examples of "design wins" for blockchain technology and so far I've been stumped. But it's certainly possible I haven't looked in the right places so maybe somebody here can point me in the right direction.

Specifically, I am looking for a story that includes all of these things:

1. A design win for end-users, not technology providers (e.g. like Google or Microsoft) who are just offering tools for potential design wins.

2. A design win, meaning a project that increased ROI (based on whatever metric you want, like customer satisfaction or reduced fraud for instance).

3. A design win that was specifically driven by use of blockchain as a technology, not exogenous factors.

4. Related to the above, a design win that could only have been achieved with blockchain tech, and not been possible or practical using some other existing technology (e.g. the old, "when your problem is a nail, every tool is a hammer" adage).

5. And as always, upper management needs hard evidence of real benefits and not just hand-waving, promises, or political mumbo-jumbo. Show us the numbers, they will say.

Edit: Note that I searching for design wins not related to cryptocurrencies.

Thanks you for your help.

Topic: Blockchain design wins: where are they? (Read 83 times)