“Blockchain should be “deeply merged” with AI, big data and other new technologies to “empower” fintech applications, for instance” - the document says
Holy shit, blockchain merged with AI AND BIG DATA. Somebody get Softbank and Sequoia on the phone, Shanghai is going to be the first city with a quadrillion dollar market cap. How the fuck do I buy calls on Shanghai with margin
I’m a software engineer who has done very little research into blockchain admittedly but the issue I have with blockchain is that is it really the best solution or is it just the current hyped trend?
It is decentralized but you can achieve similar security and resistance with a proper cloud setup with replicated databases, monitors, self healing, backups/snapshots, rollbacks, security team, etc.
Proof of work also scales terribly, it’d be so much energy waste for a country like China or even a city like Shanghai
Proof of stake looks good but who’s gonna provide the stake? The Chinese government? Then that just centralizes it and might as well just have a normal date store setup at that point. The Chinese citizens? Highly doubtful China would allow that since staking is risking your savings
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