It’s going to be whatever new technology built on the shoulders of blockchain tech that works for this. Whatever they solve the efficiency problems with. Then it might have a fighting chance at being a currency, being used as provenance, etc.
I think AI’s got a similar issue with the agentic side of it. Still needs another big advance.
But… why? The centralised database uses less power so it’s a more efficient foundation. There are some situations where distribution might be worth that cost. A lot of those situations that people were excited about early on (a global currency / gold alternative) haven’t proven to be robust to the overhead (although speculative investments and transactions you don’t want tracked are working for some people)
All that said, how does a concert ticket ever fit into that foundation as a win… without bringing up a liberation type ideology?
It’s going to be whatever new technology built on the shoulders of blockchain tech that works for this. Whatever they solve the efficiency problems with. Then it might have a fighting chance at being a currency, being used as provenance, etc.
I think AI’s got a similar issue with the agentic side of it. Still needs another big advance.
But… why? The centralised database uses less power so it’s a more efficient foundation. There are some situations where distribution might be worth that cost. A lot of those situations that people were excited about early on (a global currency / gold alternative) haven’t proven to be robust to the overhead (although speculative investments and transactions you don’t want tracked are working for some people)
All that said, how does a concert ticket ever fit into that foundation as a win… without bringing up a liberation type ideology?