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Strategies & Market Trends : Blockchain and Cryptocurrencies

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To: w0z who wrote (293)	1/18/2018 6:09:43 PM
From: Elroy	Read Replies (2) of 7596

Ok, well rather than me spending loads of time reading random white papers, can you explain how having a public ledger of the supply chain business - eliminates the middle man / intermediary? - enhances trust between members of the supply chain? What is the current process that gets improved by having a permanent record of all transactions? The main page says it reduces the usage of paper - that sounds like software, not blockchain tech. In the supply chain I don't see how you need a record of where a ship was or what was on it two years ago. You need info on your one transaction, but once the transaction is complete, you no longer need any info on that transaction. With Bitcoin you are constantly re-using the currency (the coin) so the blockchain provides the validation that your Bitcoin/currency is the specific amount and is yours to use. The Bitcoin itself continues forever. The blockchain determines who controls it and that it is the proper amount. With supply chain, once the delivery is complete and successful, who cares about its history? Do you want to know the supply chain details of the components of your phone? === In general I don't like crypto that needs to touch the real world. This coin sounds like it needs to get all the shippers to change their current record keeping processes in order to be effective. Massive real world friction in something like that. I prefer crypto that lives only in the crypto world. Even Bitcoin is a real pain in the rear in the transfer from Bitcoin to fiat, and vice versa. Avoiding touching the real world is preferable I think, but limits the variety of application. One of the reasons I like wagerr is they don't touch any part of the real economy other than the individual user. Sports betting via crypto, using crypto, against other individuals using crypto, and you win or lose crypto. Nobody (other than the bettor) needs to "change their process".

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