Ngoc Nathan Pham

Blockchain is incredibly diverse, and individuals are creating their own systems, while massive industry giants like IBM work on their own blockchain projects. Do you think blockchain will eventually be overrun by the large corporations with their immense resources, or do you see it continuing to be driven by members of the community? For example, if IBM and Visa were to release a blockchain technology as the standard for instant, international transactions, do you think it would be able to dominate the market and drive other blockchains and cryptocurrencies into obscurity?

Great post Walter.

I always viewed blockchain as a tool for businesses to use for transactions to cut costs like the “middle man” which could be banks. I think you make a very interesting point on how blockchain could be used for police officers to preserve evidence. I also believe blockchain is the future and will eventually because like you said, organizations like the Federal Reserve would not have all the authority over the data. Especially after how popular digital currency like Bitcoin has become. With technology becoming a bigger part of business more and more each day, I believe blockchain will change the game for digital transactions.