The blockchain pumpers are at it again. The people behind it keep using the blockchain buzzword to scam the Dubai government for money and to use their "blockchain" for whatever purpose the can think of. All they need is a database. There is no need to use a "blockchain" whatever that means to them. In their "blockchain" they have taken out the most exciting parts from Bitcoin and have created SQL. Nice.
This is something that has really been grinding my gears, I do not understand why or how people think that the blockchain is something more than a glorified database that is supposed to magically revolutionize fintech and change it as we know. It is essentially just one large database that uses a lot of electricity.It has some uses, like stock market stuff, but beyond that it doesn;t really offer benefits.
i believe when they say blockchain technology they mean the cryptocurrency technology, it is not just the database, it is how you use that database with the cryptography on top of it. just like bitcoin and altcoins are doing.
