New solutions on existing industries

[iv4n]

Sapien Network has been around for quite some time now if am right, it would have been about two years now, yet they have not reached their goal. How am I sure if that will be possible anytime soon, because it is long overdue

They are just one of the social networks on blockchain, and like most of them this one didn't have some success. Looks like blockchain social networks will need to do more if they wish to compete with big players like twitter or facebook.
Decentralized social networks are a nice idea, steemit and sapien are fine, but to grow they need more active people there. After all transparency, user privacy is what this decentralized projects are offering, and that should be good for all of us, we can only hope they will be more popular in the future.

[ajeef]

We can easily say that these new projects coming in are 'promising' but in the long run we can't determine how long they will last. The projects that are existing now, well they are good as long as they have been following their said roadmap.

But, many of them really doesn't follow it anymore. The longer the project exists, this can easily give you an idea if they really are promising.

We can't fully blame the project team if the projects not last longer than they promised. Sometimes the investors itself could not be patient when the price of the project's token is in bad condition, they will sell all their tokens and move to another projects. Investors right now are just wanting for quick profits instead of supporting a project to grow.

[huu78]

Many social networking projects besides that I know and not one promising solution because it is still at risk for new projects. Most viewed from the roadmap is very interesting and then when already running the project is not so. Most of the crap and end the coin dead.

[bitvalak]

Many lists of innovations from many projects that failed and did not fit into the roadmap schedule.
The innovation is only a decoration for new projects because its main goal is to gather as many investors as possible to reap the maximum profit.
Only 20% of all altcoin projects can actually go according to their roadmap and can be used for daily life. The rest stopped and even died because of being abandoned by their followers because there was no development whatsoever.

[Reid]

You are asking it because they are really difficult to find.
Same goes with us.
In my experience if I find one that gets my attention I would not let go until I go deep into seeing if there is a little bit of window for a scam.

If you do that one by one. That will take a lot of time.
Go to the ANN thread of the altcoin section and you will see a lot of altcoins being created with different platform. How could you investigate them all.
It will be a boring work without payment. 

[CryptopreneurBrainboss]

Hello there. What I have noticed these days - there are more and more solutions being brought to the market, however every particular one requires deeper analysis. And what I always pay attention to - practical value and benefits for users. What makes sense - there are pretty young and bold solutions even on the industries with large key players.

Have you stopped to ask yourself if those new solution are really that necessary?, There are some new solution i see that doesn't technically need a token to execute per se supposedly they're really interested in bettering the industry and fastening the adoption of cryptocurrency they can easily make use of already well established coins like bitcoin and still succeed to implementing their new solution.

Looking at the Exchange industry as an example, everyday new solution are been introduced but they're been accompanied by worthless tokens thereby introducing more shitcoins into the market. Supposedly this new solutions utilize existing cryptocurrency the story today might have been different and we would had have less worthless Exchange tokens circulating the market.

[EdvinZ]

In my opinion, there is no need to reinvent the wheel. Soon Facebook will add Libra coins to its services, which will actually mean that the world's most popular and sustainable social network will use elements of blockchain technology. I also believe that those new projects that position themselves as revolutionary solutions should pass the test of time, because most of them can turn out to be ordinary fraud. Do not idealize projects at the idea stage. Only time can show what they are really worth.

[cotton ball]

We can easily say that these new projects coming in are 'promising' but in the long run we can't determine how long they will last. The projects that are existing now, well they are good as long as they have been following their said roadmap.

But, many of them really doesn't follow it anymore. The longer the project exists, this can easily give you an idea if they really are promising.

We can't fully blame the project team if the projects not last longer than they promised. Sometimes the investors itself could not be patient when the price of the project's token is in bad condition, they will sell all their tokens and move to another projects. Investors right now are just wanting for quick profits instead of supporting a project to grow.

Investor want to get much profit with their investment without waiting for one year or more get back their money, if money project never keep promise with higher price coin after listing they have scam many investor, bad experience with their project at the future because no one want trust again with their project and participated for investing.

[starblocks]

Privacy is an essential component of the cryptocurrency technology and industry ethos itself and there is still plenty of room for improvement on existing technologies provided they don't all get banned or marginalized by regulation it would be nice to see some of the smaller projects do better

[leea-1334]

Sapien Network has been around for quite some time now if am right, it would have been about two years now, yet they have not reached their goal. How am I sure if that will be possible anytime soon, because it is long overdue

They are just one of the social networks on blockchain, and like most of them this one didn't have some success. Looks like blockchain social networks will need to do more if they wish to compete with big players like twitter or facebook.
Decentralized social networks are a nice idea, steemit and sapien are fine, but to grow they need more active people there. After all transparency, user privacy is what this decentralized projects are offering, and that should be good for all of us, we can only hope they will be more popular in the future.

It will not be the only one not to reach its goal. This is the wisdom of Bitcoin if you think about it. They never set any goals or objective roadmap unlike alts,,, so they have no pressure to build something for the sake of it. Instead, they take on issues that have priority (like scaling and SegWit) and now quietly moving on to other things like privacy issues. No expectations, no pressure, and no rush jobs!

[drlukacs]

There are actually a lot of bold ideas, not only Sapien, but we also have RET, Credits, EGT, ... all of these projects are aiming for a great product in the future based on blockchain platform. But the bad thing is that the crypto market doesn't need these types of companies. What people are interested in is the money and the profits of a project. It seems to be a speculative culture in the crypto market so even if the projects have good ideas, it will soon die without backup sharks. I used to love Credits with their technology and transaction speed but now their product is doing nothing when the market is only interested in bitcoin.

[justdimin]

Right now, there is a company working on a new software that would eleminate all the new for scouting in sports thanks to blockchain. There would be a system where scouts all over the world would get together and write up good and meaning scout reports for all players and put it in the network and that would allow coaches from all around the world look for talent anywhere in the world without having to go up there.

Now, this is of course for obvious differences between players in the leagues, if you are seeing a player that is very good on the scouting reports (and 5-10 different people could scout the same player and write) you still should go and see before you transfer them but it would make things easier. They are trying to convince the scouts to share which is hard but if they share then they will be capable of seeing what others share as well in return as a reward which might convince them.

[Pamadar]

In my opinion, there is no need to reinvent the wheel. Soon Facebook will add Libra coins to its services, which will actually mean that the world's most popular and sustainable social network will use elements of blockchain technology. I also believe that those new projects that position themselves as revolutionary solutions should pass the test of time, because most of them can turn out to be ordinary fraud. Do not idealize projects at the idea stage. Only time can show what they are really worth.

It's only time who can judge what will be the fate of each project that being offered around this market. No one can ever tell if most of them who
offered solutions really achieved what it's being told. Without investors appreciations adoptions might take place for those coin/s.

New and upgraded offers will keep popping out and whatever the investors brings to adoptions will succeed in the near future.

[Kersh768]

We can easily say that these new projects coming in are 'promising' but in the long run we can't determine how long they will last. The projects that are existing now, well they are good as long as they have been following their said roadmap.

But, many of them really doesn't follow it anymore. The longer the project exists, this can easily give you an idea if they really are promising.

I agree. Newly sprouting projects are really that promising at the first phase because they do want to attract potential investors and simply to get the attention and interest of the crowd to engage on their project. A lot of them are promising to provide new solutions to the modern problems that requires also modernized solution creating new ideas for new projects to exist. But most of those project solution are not yet really furnished or we can just say a prototype or a beta tester but the idea was already there but need further improvement for successful execution to become a solution. It will be good if the promise will be fulfilled not just for a short term but for a longer time run to be worthy and to last longer to provide greater solution for the existing problems in the future.

[yulionoo]

I think by looking at the state of the crypto market like this we can conclude that currently there are no new projects that are successful and have real uses. most new projects only want to make a profit but have no use. and in the end the project also could not develop and last long in the crypto market because it did not get investors and ended up as useless junk coins. At present most investors do not believe in new projects.

[Novatech8]

There are few blockchain projects like sapien network in crypto space today but honestly I found crypto projects based on social network useless because there is really no need for it

[kissaNN]

Today, there are already dozens of projects working in the real world, including IBM Blockchain for accounting supplies, Food industry - a complex network to track all the shortcomings and defects of food and other blockchain applications. New solutions are needed in almost all technology sectors that process a large amount of data.

[cryp24x]

I just wanted to hear or read something like this on our posts. This is very encouraging. But we must also reconsider all the facts that every project has good and bad outcome. So the projects can be "promising" but not all are successful. Some are profitable but not all are there to stay. We must support a really promising project to become successful and I think that is the real solution that we are looking for.

[jostorres]

The biggest hurdle is that who would be the decentralized token for something like that? I mean if we create a database as blockchain then we are talking about a product that helps an industry (whatever it is) and at the same time has some sort of token or coin or whatever that backs it up, usually blockchain comes with its currency, I don't know how you can build a blockchain without any currency at all and that only complicate things.

For example, banks are now building their own blockchains but they deal with money anyway so they can survive, how about hospitals that put the patients data into a blockchain, how would that work?

[Thomas-s]

I think by looking at the state of the crypto market like this we can conclude that currently there are no new projects that are successful and have real uses. most new projects only want to make a profit but have no use. and in the end the project also could not develop and last long in the crypto market because it did not get investors and ended up as useless junk coins. At present most investors do not believe in new projects.

most investors do not believe in new projects, but there are also a lot of people who earn good money on new projects. this is just like if you will say that most people in the world do not believe in cryptocurrency, but you and I are now in this market and we are making good money. just investing in an ICO right now is a very risky idea