31 Jan '17, 2am

via @ecobusinesscom

via @ecobusinesscom

“A lot of crypto-currency proponents say that blockchains are going to save the planet. Well, I just can’t see it.” This is not the resounding endorsement you might expect from widely acknowledged blockchain expert Michael Mainelli for the technology most famously associated with the internet-based currency known as Bitcoin . Director of the London-based commercial think tank and venture firm Z/Yen , Mainelli says that the use of blockchains for crypto-currencies is limited because such application tends to be slow and energy-hungry. At the same time, he sees blockchains holding huge promise in an entirely different area. As permanent, tamper-proof databases for any kind of data, shared by a community and owned by no one, “they are particularly interesting to environmental groups” Mainelli says, because they make it possible to track and verify transactions and interaction...

Full article: http://www.eco-business.com/opinion/what-can-blockchain-d...

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