Charles Hoskinson explains value of blockchain
Founder of Cardan Charles Hoskinson responded to Bitcoin maximalist Max Keizer’s tweet, where he called the word “blockchain” a scam.
The prominent Bitcoin supporter referred to the appearance of Bitcoiner and CEO of Swan Bitcoin, Cory Klippsten, on Paul Barron’s show, where Klippsten referred to blockchain as a marketing scam. The Swan Bitcoin CEO stated on the show that “the only use case for blockchain so far that is of any value is as part of a system designed for Bitcoin.”
The Cardano founder expressing his disagreement described blockchain as “a recognized class of technology that solves real problems, from voting to the supply chain”. Keiser, a well-known Bitcoin maximalist, is often critical of alternative cryptocurrencies, or “altcoins”.
Cardano founder sees importance of blockchain
As reported by U.Today, the founder of Cardano, stated his belief in blockchain technology and its capacity to fundamentally transform government services all over the world and even make them interoperable.
Blockchain can support this interconnected global community as we transition to a truly global society by enabling the secure transmission of data in a fluid and democratic manner, in which, as the creator of Cardano puts it, “No single actor will have complete control on critical things and resources.”
In late June, Hoskinson spoke about the future of digital asset regulation before the House committee on agriculture, which is in charge of the CFTC. He extolled the positives of blockchain.
He did this by giving examples of how blockchain technology is being used to solve real-world problems, such as those faced by the beef industry. There, he mentioned several applications of blockchain technology, including improving the supply chain and end-to-end traceability of the industry.
The IOG CEO also indicated the immense economic growth and development that blockchain technology could bring to the United States, particularly in rural areas.
