Blockchain is going through delightful time in its development, with some businesses prototyping serious applications that will transform the global economy, while other people fly crazy schemes that will succeed at nothing but attracting funding from people with more money than brains.
And it's sometimes hard to tell the two apart. We know from the history of Internet commerce that some ideas that seem crazy will prove successful (who would ever buy shoes over the Internet?), while other ideas that seem quite reasonable will fail.
Herewith five recent blockchain business proposals; come back in ten years and tell us which ones succeed and which ones are spectacular failures.
The city of Berkeley, Calif., is exploring the launch of an initial coin offering to raise funding for affordable housing, as it faces the threat of being cut off from federal funding by President Donald Trump, who has threatened sanctuary cities and specifically targeted Berkeley in tweets. What Berkeley is doing is basically a high-tech version of a municipal bond offering, with blockchain "tokens" standing in for bond certificates, streamlining the investment process and adding some sexy blockchain razzle-dazzle to an otherwise boring investment. Photo: [GFDL] or [CC-BY-SA-3.0], via Wikimedia Commons
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