Your thoughts on blockchain-based projects?
Nancy Le
8 replies
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William Joseph Parker@williamjosephparker
Blockchain is an interesting tech but utility matters most. Is your project solving a real problem or just using blockchain for hype? Focus on delivering value to users first, then see if blockchain actually helps you do that better than alternatives. And of course make sure you have solid fundamentals beyond just the blockchain aspect - strong team, go-to-market strategy, etc. What specific utility is your blockchain project providing?
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Utility should definitely come first for any blockchain project to succeed long-term. Without real use cases solving real problems, the hype will fade. Any favorite projects that you think have great utility potential?
Autonomous
Utility comes first
Blockchain-based projects have significant potential to transform industries by enhancing transparency, security, and decentralization. They can revolutionize finance, supply chains, and digital identity management, but challenges like scalability, regulation, and adoption remain.
It could help track ad impressions and engagement, ensuring brands spend marketing dollars wisely.
Its potential to decentralize platforms and remove intermediaries is huge, especially for banking and supply chains.
It has great potential for securing transactions and reducing fraud. I'm excited to see how it evolves across industries.
It could disrupt sectors like finance, healthcare, and education by decentralizing models and increasing transparency.