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by RhodesianHunter
2113 days ago
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> "I don't think we will see any changes in the industry, unless the industry changes." Kind of tautological, no? Kind of not-at-all what I said no? Change is inevitable, blockchain is not the right tool for this job. >adopting the technology will be such an obvious advantage for the large players A centralized solution from a trusted third party has all of the benefits of blockchain with just about none of the downsides. Many institutions could fill this role from technology companies to major law firms in the supply chain space. |
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So why hasn't it happened yet?
Also, who in their right mind would rely so much on a "trusted third party" to coordinate global supply chains?
What would be cost to have an organization that is able to maintain this level of trust?
What about the politics of it? Even if the entity were to be trusted, how can we be sure that there would be no countries forcing their political/economical might to bend this entity to do what they want? As an example, after the global pandemic, do you trust WHO more or less? Do you still believe that they are completely independent?
You are never going to hear from me that blockchain is a perfect solution for all problems, but a "centralized solution with a trusted third-party" is quite a spherical cow in comparison.