Blockchain doesn’t need Crypto to succeed

Today’s topic usually creates a lot of confusion to most in this space because most people learn about blockchain technology because they heard about this thing called Bitcoin.
The thing is, not every tech needs a currency. Unfortunately a lot of these so called startups found a way to monetize and crowdfund in this space without even having a working product.
We’ve seen this in the past, specially in 2017 where all you had to do is create an ERC-20 token at the cost of some spare change and focus on marketing it. Some of these projects simply put together a concept, throw in a couple of buzzwords, a nice schematic, good looking website and pump out ads targeting newcomers to the space or people looking to get on the bandwagon of getting crypto rich in the short term.
Like I said, they found a way to monetize this space.. a way to crowdfund. Once again, not every blockchain project needs a crypto. A good example? Look at private blockchains used to run real time data, when would they need to sell a token to the public? It’s easy… they just don’t. At most they could benefit from a native in-house token used to transact within their own business, the key word being “transact”, 90% of this space is buy and hold not buy and use.
Most people buy Bitcoin speculating it will go up and they’ll make some money in the process, but how is that helping the ecosystem evolve? On the other hand if Sally’s bakery creates a native token that’s always worth x amount and can only be used to buy pastries guess.. what? That works, that helps the ecosystem evolve. With crypto “currencies” it’s all about buy and use, not buy and hold.
Crypto depends on blockchain, blockchain doesn’t depend on crypto. If this space is going to prosper you need companies, corporations, government entities adopting the tech in the form of mostly private blockchains.
Most people are blinded by this vision of a decentralized currency with the most popular one at the moment: Bitcoin, being the thing that will create this global adoption when I personally think it’s not the case. The ones that are the fuel this massive global scale adoption are the projects working to get companies to use the tech in real life through private blockchains. The key is word is data, it’s all about real time, big data. That’s how you get this ecosystem to grow.. not by just accepting Bitcoin.
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