[hiq]

> this is only because businesses have yet to be built around this technology

No, these are fundamental problems that time can't solve. Businesses aren't built around this technology because it's not advantageous to use it in a legally compliant environment.

Companies in this field keep adding new layers of abstraction pretending they're solving a problem; they're just moving it to somewhere else, but the fundamentals remain the same. Basically running in circle.

[philippz]

It is hard to comprehend what it'd mean to have the world connected via distributed ledgers that provide transparency and would be able to automate a lot of what we do to a much higher degree.

We're not running in circles.

> Businesses aren't built around this technology because it's not advantageous to use it in a legally compliant environment.

This is just one of the reasons. The technology is also not scalable and abstracted enough yet. No one is pretending anything here.

[LoganDark]

> It is hard to comprehend what it'd mean to have the world connected via distributed ledgers that provide transparency and would be able to automate a lot of what we do to a much higher degree.

idk, take your phone thing as an example. Blockchain doesn't solve anything, because nothing stops me from reselling the phone without transferring the insurance, or transferring the insurance and keeping the phone. The whole problem is that it's not linked to the phone itself.

instead of going on about benefits, what is an industry that currently suffers from an actual problem that a blockchain could solve? because right now I'm not aware of any problems in society where blockchain is the solution