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The Real World Use Case For Bitcoin And Blockchain | Charles Hoskinson Congress Met

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Over the past decade of bitcoin existence, it has gradually gained the public attention as it’s use case as institutions includes it as their digital assets, or as a medium of payment. Likewise blockchain technology before the outburst of cryptocurrency with different project gaining the limelight, the technology has in gaining attraction for developers and enthusiast. source

A leading crypto exchange binance as also seen its opportunity as they have created an platform centered for this, well today I came across a publication which Cardano boss, stood in front of the United States congress in light of the opportunity blockchain & crypto and it’s real world use case. In he’s testimony which he prepared to share with the Congress which I quote;
“Distributed ledgers (i.e., blockchains) store information that needs to be transparent, auditable, timestamped and immutable. This process enables records of social and economic concerns to be reliable and programmable.

Public blockchains, just like many commodities, are intrinsically decentralized and permissionless. For example, I grow hay on my farm in Colorado. I did not ask for permission to plant and harvest my hay, and now I am a member of a global, dynamic marketplace. There are regulations and controls in all of these markets, but we do not assume there is a centralized hay agency to ensure somehow this market works.

Such absurdities were reserved for the Soviet central planners of old, not modern economies. Blockchain projects operate and embody this decentralized ethos and would fail under the weight of a heavy-handed and outdated regulatory structure.”

In he’s testimony he’s tried as much to endorse the congress to see the need of digitalizing the logistics sector especially those major players (Large Scale), for the sake of transparency and also be organized for regulatory bodies.

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity.

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