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Strategies & Market Trends : Blockchain and Cryptocurrencies
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To: w0z who wrote (298)1/19/2018 6:58:40 AM
From: Elroy  Read Replies (1) of 7599
 
Cancelling physical bills of lading. Ok, I don't know enough about the process of maintaining bills of lading to comment, but in general I prefer cypto project that touch the real world as LITTLE AS POSSIBLE. Too much friction.
With Bitcoin, some guys uses his PC or cell phone to send and trade crypto. Easy. He doesn't have to go to Western Union, he doesn't need to use a bank, his payment transfer is easy and doesn't have much of anything to do with what goes on the in real world.

Replacing each shipping company's physical paper recording process with a blockchain that the worker accesses with .... I don't know, a tablet? ... it just sounds challenging.

And I don't see how a blockchain in this case is different from a shared enterprise software system where all the info sits on an Oracle centralized database somewhere. Why does a distributed ledger need to be involved and maintained by lots of nodes in order to record a bill of lading electronically rather than on paper?

Yeah, we'll see. I think the closer you stay to the distributed person to person applications and use the blockchain to remove the intermediary, the better. Bitcoin removes Western Union and Banks between people's money transfers. Wagerr wants to remove the sports books from sitting in between individuals betting with each other on sports. This I get.

But you shouldn't just see a problem and yell out "decentralized blockchain" cuz that's the flavor of the time.
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