> Throwing blockchain tech into the mix is going to add tremendous complexity and friction to any protocol which will then be out-competed by a true open protocol.
Throwing blockchain technology into the open protocol mix will stop companies from changing their API at a pace that exceeds the public's ability to bear the cost of keeping up with the required software changes on their end.
Till now, VC funding provided the incentive to rapidly version a company's APIs, which actually runs counter to other company's needs as a consumer.
At the same time, the blockchain will allow software vendors to offload their clunky old revenue models with new ones. New payment models for software is always how the next revolution starts, after all.
With the blockchain's ability to provide contractual relationships, traditional software models will be transformed into contracted on-demand software deployments to various infrastructure providers who accept payment using Bitcoin. Or Ethereum.
Throwing blockchain technology into the open protocol mix will stop companies from changing their API at a pace that exceeds the public's ability to bear the cost of keeping up with the required software changes on their end.
Till now, VC funding provided the incentive to rapidly version a company's APIs, which actually runs counter to other company's needs as a consumer.
At the same time, the blockchain will allow software vendors to offload their clunky old revenue models with new ones. New payment models for software is always how the next revolution starts, after all.
With the blockchain's ability to provide contractual relationships, traditional software models will be transformed into contracted on-demand software deployments to various infrastructure providers who accept payment using Bitcoin. Or Ethereum.