Blockchain

Blockchain Tracks Non-monetary Assets, says Ex-Worker at IBM

Blockchain technology has brought a great deal of innovation and that’s why it has been catching the attention of many since its arrival. New blockchain-based startups have been launched in several countries by several people. In one way or other, people are using blockchain to solve different kinds of problems. Big giants such as JP Morgan and Walmart haven’t refrained themselves from the offerings and benefits of the blockchain. Like them, many others have not shown any reluctance to adopt the blockchain technology as well.

Despite the use-cases and innovation introduced by blockchain, there’s a fact that we often experience but never question. Although blockchain brought innovation, it is evident that cryptocurrency has the spotlight and often makes to the headlines much more than the blockchain.

To explore the reason behind this, BlockPublisher contacted Greg Misiorek, a member at BIS LLC. In the past, Greg had worked at IBM as Advisory IT Specialist. He was asked about the reason behind crypto gaining more recognition than the technology behind it and to this, he replied:

In my mind, blockchains don’t have tokens that have prices, but rather track non-monetary assets’ ownership changes.

It can be inferred from his statement that blockchain startups deal with non-monetary assets most of the time. As most of them do not have a direct association with money or prices like the crypto, it is comprehensible that the crypto world has been gaining the interest of people more than the number of fans blockchain could attract at the moment. For now, tables may be in favor of crypto more than they are for blockchain but the future may not hold the dynamics identical to the current ones.

Fatir Malik

Electrical engineer by profession, turned into blockchain developer. Fatir contributes regularly with his insights about latest developments in fintech sector. Contact the editor at editor.opinions@blockpublisher.com

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