Should Blockchain's Focus Shift from Tokens to Real-World Solutions? đ
Google Cloud's Head of Web3, James Tromans emphasizes the need for the blockchain industry to shift its focus from token prices to solving #real-world business problems using smart contracts. He emphasizes that tokens are a means to an end, with the real value lying in addressing business challenges.
#Google Cloud offers blockchain services like its Blockchain Node Engine, enabling users to build smart contracts and run decentralized applications. Tromans highlights that despite the bear market, there's still strong enterprise demand for blockchain technology, particularly in traditional finance (TradFi). However, he notes a growing interest in integrating blockchain solutions into digital identity and supply chain sectors.
Tromans believes that #blockchain technology needs to become more user-friendly for mass adoption and should be as seamless as common web protocols like TCP-IP and HTTPS. He stresses that when the technology becomes user-friendly, it can address problems in various industries, eventually becoming an integral part of the web.