Blockchain is viewed as a nascent technology by many people. When it comes to the mass adoption, people often include the limitations and unsatisfying results of the blockchain in the discussion. They often argue against the blockchain by putting forward their stance i.e blockchain has very few use cases. To explore true use cases, BlockPublisher reached out to a well-known personality in the space, Alan Warms, the founder of ChainFront.
He was approached by BlockPublisher to enlighten some light on potential and possible use cases of the blockchain. He explained:
I think the vast majority of real use cases will come where there are real incentives – tokenization of real estate (sell at higher prices); tokenization of fine art ( recapture capital ), e.g.
Alan is also the founder of BuzzTracker.com, Participate Systems and Participate Learning. He’s been around the crypto world for quite a long time now so it can be easily said that he understands the space. Alan suggested tokenization of the real estate and fine arts as the most prominent and real use cases of the blockchain.
Previously, he was of the view that blockchain can be both, overhyped and useful. Apart from him, there were other experts as well who highlighted the offerings of blockchain industry. Tracy Hazard, a product launch expert and brand strategist at Hazz Design, pointed smart contracts and supply chain management as suitable use cases for blockchain.
The success of blockchain is greatly associated with the quality of its use cases. To ensure that more people are on the proponent side, blockchain needs to find more quality use cases in a reasonable time.