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Not sure why your comment reply to mine got flagged, but I can't respond to it, so will respond here. 1. You can get around this trivially, by simply either (1) looking at transactions originating from the node that distributes degrees, or (2) looking at the degree directly from a person's wallet. You don't need to use the blockchain for searching. It's not going to replace databases. You can have databases, too. But an NFT degree originating from a school's degree-distributing node is just as good as proof and doesn't require some additional step of contacting the school to find out if it's legit. 2. You've still said zero about the utility of a market where these things can be bought/sold/traded, or the API being publicly accessible, etc. 3. No company was putting their assets on the internet before the adoption of the web started compelling them to. 4. See #3. I'm trying to see your point here, but so far it amounts to, "People are doing X today, so they will always do X," which ignores the fact that technology takes a while to adopt. NFTs are new, and their utility is based on network effects, which means they'll become more useful with more adoption. Of course Apple isn't jumping in to use them right now. That says nothing about the future. That'd be like going back to 2011 and saying, "Nobody is using Zoom yet when they could be." Okay sure, but what does that say about the future? Little to nothing. Again, of course it's possible that this won't catch on. Likely even. But the reasons you're listing don't seem like deterrents. |
Centralized control will always be faster and more efficient and less fragile. Errors can be fixed, fraud can be blocked. Fans of blockchain would be a lot less certain that the tech had value if they were unable to shill a token.
Why isn't Apple jumping in to use them? They could set up their own blockchain right? Well, because the central issuing authority doesn't want to lose control of them. Why aren't ticket resales on the blockchain? Because the central issuing authority doesn't want to lose control of them. And that's what you will run into, every time.
All the things you claim that will be able to be done with the blockchain can already be done. So yeah, I guess we'll wait and see.