My bank uses Blockchain to validate transactions. Yours probably does too. It also has applications in supply chain management, public and private record keeping of various kinds (such as patient records, real estate ownership records and basically any historical record where each entry is immutable and continues to matter even after several newer entries have been made), digital voting systems , energy trading/grid management and other DeFi applications other than cryptocurrencies, and more. I don’t know for sure, but I’m pretty confident that its impact on the world economy has been and will continue to be much larger than generative AI’s, at least of current-gen generative AI.
The real difference is in visibility. Blockchain is a background technology, running things silently, while LLMs are directly interacted with by the general public.
Without a doubt blockchain has has an impact on the global economy, with an outsized improvement for narco cartels, North Korea, and other super above board transactions.
several examples of non-cryptocurrency Blockchain applications
lol North Korea and drug cartels
I’m sorry, I wrote my reply under the assumption that you were having this conversation in good faith. Now that I see that it isn’t the case, I’ll excuse myself. Have a great week.
My bank uses Blockchain to validate transactions. Yours probably does too. It also has applications in supply chain management, public and private record keeping of various kinds (such as patient records, real estate ownership records and basically any historical record where each entry is immutable and continues to matter even after several newer entries have been made), digital voting systems , energy trading/grid management and other DeFi applications other than cryptocurrencies, and more. I don’t know for sure, but I’m pretty confident that its impact on the world economy has been and will continue to be much larger than generative AI’s, at least of current-gen generative AI.
The real difference is in visibility. Blockchain is a background technology, running things silently, while LLMs are directly interacted with by the general public.
*Citation needed
Without a doubt blockchain has has an impact on the global economy, with an outsized improvement for narco cartels, North Korea, and other super above board transactions.
I’m sorry, I wrote my reply under the assumption that you were having this conversation in good faith. Now that I see that it isn’t the case, I’ll excuse myself. Have a great week.