From the report,
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blockchain has the potential to significantly cut trade costs by increasing transparency and facilitating processes automation, including financial intermediation, exchange rate costs, coordination, and other aspects. “The removal of barriers due to blockchain could result in more than $ 1 trillion of new trade in the next decade
"
https://www.coindesk.com/ethereum-developers-are-quietly-planning-an-accelerated-tech-roadmap
Interesting possibilities in 2019. But accelerated roadmaps and timelines make sense If more developers are involved, otherwise it's a system already with vulnerabilities probably adding more because they want speed over quality. Happens all the time everywhere, but not always good thing.
The other interesting tidbit is renting costs for the storage of smart contracts. I understand why they need to do it. 1TB isn't something most people are going to want to download as a miner or eventual staker. But if you build a dapp and have to pay digitalocean for the front end web mobile app portion; then pay for gas; and pay for storj or ipfs for regular file storage; and then pay to rent space for your smart contract ...
At some point it's an expensive experiment and gets into why would anybody build real applications on it ? Most companies and startups aren't going to benefit a ton compared to the costs of these new systems. And it's already a challenge to get normal people to want to use blockchain and crypto.
The bigger challenge is not everything needs to be written to the blockchain. So you can avoid certain gas like Costs. I guess you can say not everything needs to be a smart contract. But the more things like state channels and side chains and JavaScript front end logic is needed, what exactly is decentralized about most of it ?
https://www.coindesk.com/deloitte-blockchain-chief-bad-crypto-headlines-are-making-clients-nervous
" If you’re building free proofs of concept, but you’re missing the business context around it, like regulatory, AML/KYC, tax and all the other stuff, you really aren’t servicing the client holistically,” Pawczuk went on, without naming names. “Another thing that makes me nervous is proofs-of-concepts being built by students that have never had to coexist in the environment where large high volume transaction systems do exist. Blockchain does not replace all core systems.”
I find it rather interesting the leaders and partners of these Consulting companies are worried about students and newbies doing POCs, yet many of the big firms like Deloitte are people under 27 who aren't usually hardcore techies and computer science or Cryptography guys. The big shot partners usually don't know anything about the latest tech.
They are good at selling it , but dig into technical conversations and it's usually a lot of keywords that sell to the masses, but if you're into the tech, you just role your eyes. In fact, a lot of times the techies are pushed aside for the more business and charismatic biz Dev sales folks.
Big Consulting firms love to charge big dollars for POCs and have mostly non cs people who implement them. Or send 26 year old communication majors with 15 years of experience in a 5 year old Technology. That's why she fears free POCs.
The Deloitte's of the world are really why public blockchain systems are needed.
This is where some new system, maybe blockchain, far more transparent, far more beneficial needs to be Implemented now. Not later.
Who knows what kind of shady backwards stuff went on or not. You can't ever have someone like Kemp again. Control the elections, step down after , and have people believe there isn't some backwoods racist politics and fraud going on ?
However the election turned out has nothing to do with who won or what people voted for in this instance. Kemp should have been forced to step down or leave the governor's race.
Could blockchain and digital voting help ? Maybe. A more decentralized less biased and fraudulent system is definitely needed. This Kemp government is a prime example of corrupt politicians and government and processes.
https://www.engadget.com/2018/11/09/how-brian-kemp-hacked-georgias-election/
