News Bitcoin - Can We Trust the Blockchain Headlines from PR Firms, VCs, Corporatists and Banksters?Since the beginning of 2015, the word blockchain has become associated with a lot of hype, as many believe the technology will transform the world of finance and everything in between. Bitcoin is typically dismissed, even though it has proven to be a real world solution providing utility to many people. Private blockchains, however, have yet to show any real uses cases outside of a press statement.
You’ve seen the headlines time and time again saying how a big bank or corporation has applied blockchain technology to a traditional settlement or some kind of business service. According to hundreds of press releases and articles, many companies like IBM, Microsoft, Visa, and many others have completed trials using privatized versions of distributed ledger technology. Unfortunately, that’s all you get to see as these blockchain projects never supply charts, statistics, video or any real proof of these so-called “real world” applications. What you do get is a bucket of word salad from these project creators and executives explaining that blockchain will revolutionize the world.
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