The blockchain is too cumbersome for anything mission-critical. Peak stupidity. I would have loved to see the pitch... "We have these Happy Meal toys entering Long Beach and look! The manifest is on the blockchain!!"
That GTO Judge has beat the S&P quite handily fwiw. I wonder why the borrow rate on GME is so low, and there's no shortage of shares to short really. They report next Tuesday. NFT's were supposedly the thing that would send GME to $1000+ or at least that's what its Hodlr's say (said). Straddle is about 14% +/- Hmph.
walmart is supposedly using block chain to track lettuce to curtail the impact of e coli breakouts. I don’t know why they just don’t use a relational database.
I disagree with this. Using the blockchain is so simple that you see exchanges popping up all over, tokens/nfts created, derivatives of tokens created, smart contracts that can do anything; all without needing much of an infrastructure, just some lines of code.
You're not the only one wondering why blockchains are needed for Walmart's lettuce. https://www.nytimes.com/2018/09/24/business/walmart-blockchain-lettuce.html That being said, it's easy to see how lettuce absolutely needs blockchain. https://opensea.io/collection/lettuce-headz-club
For the love of anything you consider holy, please look at what a blockchain is and does It's a public ledger. Stop. Think about it Don't confuse blockchain with other stuff You can put everything that is on a blockchain on a spreadsheet with about 30-50 rows. Some crypto assets have more attributes per the design, but this is consistent throughout all the blocks The power of the blockchain is it enables decentralization when it's distributed throughout thousands of nodes and coupled with independent block-validators that are the gatekeepers of block security Decentralization matters for crypto assets but I have no idea why it would for centralized entities like Walmart or the Pharma company given the tradeoffs, i.e slow Don't believe me, go to the blockchain and examine every block and every transaction within each block. They all contain the same types of data https://www.blockchain.com/explorer/blocks/btc?page=1
correct, it is a decentralized validated ledger. I don't think it is useful inside a single company but it is useful for a platform like TradeLens. I developed against a few blockchains and it isn't cumbersome at all. In some cases it's easier than standard practice.