What can the blockchain do? What can't you do? | Back to common sense

Blockchain is not a universal technology. There are many problems that blockchain can do, but there are also many problems that cannot be solved by blockchain. What the blockchain can and cannot do is a problem that often confuses beginners. This article analyzes the blockchain technology from the technical level, application level, and system level.

Dr. Gao Chengshi believes that blockchain technology and products are different from WeChat, QQ, and platform-level products such as Taobao, Alipay, Didi, or C-end products. What the blockchain technology and products need to solve is the transformation of industrial processes, at least for the B side, and even for an industry. Compared with the C-side product, the expansion logic is from bottom to top, and resource integration is implemented through the C-side aggregation; the blockchain technology and product logic are from top to bottom, with emphasis on business process reengineering.

Here is the original:

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Interview with Justin Sun: Web3 Yu'ebao stUSDT, Tron's Ambition to Connect DeFi and TradFi

stUSDT allows users to access low-risk and stable investment opportunities in national bonds, and supports flexible w...

Blockchain

After carrying a huge debt and shutting down TradeBlock, the former crypto empire DCG is now struggling for survival with one arm.

As the liquidity crisis in encryption erupted, the market declined, and the previous blind expansion and investment h...

Market

Dialogue with Circle CEO How can USDC recover the market lost due to SVB's bankruptcy?

In this interview, Laura Shin and Jeremy Allaire discussed various topics including Coinbase's investment in Circle, ...

Blockchain

Interpreting FTX's preliminary restructuring plan Cash compensation is adopted, excluding FTT holders.

At present, the restructuring plan of FTX is still in its early stages. The team will submit a revised plan and discl...

Blockchain

Simultaneously addressing the pressing issues of DEX and CEX, the company received a $ 40 million investment from Sequoia and Intel

Starkware, an Israeli startup, believes that it can solve two of the most pressing issues in crypto trading-the inher...

DeFi

White Paper's publication has reached its 15th year, how has the Bitcoin ecosystem evolved?

In the world of encryption, a document's status is equivalent to the Bible and the Declaration of Independence. It is...