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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (295)	1/18/2018 10:28:32 PM
From: Elroy	Read Replies (1) \| Respond to of 7596

Hmmm, it sounds similar to supply chain management software programs that never really took off in the enterprise software era. I think the type of thing you are thinking about is SUPER hard to implement because it requires all the real world corporations and entities to CHANGE their current real world process and adopt the new blockchain process. Getting all those entities to surrender their internal controls over to the chain is really really really hard. I like the crypto projects that exist as much as possible inside the crypto universe, and don't touch the real world. Bitcoin is person to person. It only touches the real world during the fiat to Bitcoin conversion. Other than that, it's individual's using easy PC client apps. One individual changes from paying others with fiat and voila, you've achieved the transfer from real world to crypto. I like the wagerr coin because it's sorta similar - sports bettting between people. All the functionality is inside the crypto world, it only touches the real world when an individual makes a bet. Getting all the entities you mention - grower, processor, distributor, retailer and transportation company - to enter all of their transactional data into a blockchain rather than doing it the way they're doing it now, well, that's a big change, and it's hard. Maybe it will happen, but I tend to doubt it. An well designed enterprise software supply chain management package which all those companies agree to implement could pretty much accomplish the same thing you're after. It hasn't happened. Why expect a blockchain (public or private) to succeed when enterprise software hasn't? Another thing that is appealing about the blockchain tech is that it is a decentralized ledger as opposed to enterprise software which generally will run off a centralized database. The decentralization aspect builds trust among individuals (and thus removes the need for the intermediary, the bank or credit card company for Bitcoin, the sports book for betting). In real world business transactions, and supply chains, the diversity of supply chains makes a centralized database probably preferable to a standardized ledger or transactions. And even with a centralized database (which is easier to manager) supply chain software never really got going.