Not Just a Bubble: Blockchain Is Already Delivering on the Hype

It's an odd situation, because while businesses in the blockchain sector are already empirically.

Even if we grant this claim for the sake of argument, stating that most of the value of blockchain lies in the future is not the same as saying that the present-day utility of the blockchain is zero or that the blockchain sector will never live up to its valuation.

We then discuss the specifics of how the blockchain has already begun disrupting at least three multibillion dollar verticals: the.

Passing fad. The blockchain is already midway through a similar path.

No longer dismissed as a passing fad, and not yet attacked as a dominant monopoly, today's argument against the blockchain sector is that it's a bubble without real use.

The blockchain space as a whole is worth hundreds of billions of dollars, but where is the utility? What are the daily use cases? What justifies this value? Why is it not just a bubble now and forevermore?

To gauge how widespread this use case is, we spoke to Peter Smith, CEO of Blockchain for this article, who noted that "a significant fraction of our tens of millions of users are using the Blockchain Wallet to enable large, fast cross-border transactions. We may publish statistics on this in the future."

As a third example of what the blockchain has already done for us, consider crowdfunding.

As with gold and international wire transfers, the use of blockchain technology empirically introduced a 10X improvement, allowing international crowdfunders on the scale of.

It is only because the blockchain has already done so much for us that I expect it to do so much more.