big dick chad investor here, need to know if this "atomic swap/blockchain interoperability makes oracles useless" fud holds any water.
Seems to me that this would only be the useful if every company had their own blockchain that would simply swap with other chains for data needed in smart contracts instead of using an oracle. This just adds another layer of complexity for no reason imo and not close to being actualized yet
See: Dan Larimer comments, Bitshares, Blocknet
Unironic brainlet answer, you will be marked for extermination
Look at the IT and CS world, lots of tools fulfill different needs despite meeting similar goals. Who needs what and how much will they need it are better questions.
Michael Murphy
I strain to see many companies using blockchain in the near future. Work in back office in large law firm, we still use software from 1998, shit looks like the original roller coaster tycoon for god's sake.
Save for possibly some logistics company where supply chain is untrustworthy, even then I don't know how a blockchain solves your problems, like are you worried UPS is going to manipulate their database saying that that you really didn't receive your iphone?
I think alot of the innovation will actually work itself up through companies not the other way around. Small groups of people experimenting and having fun with governance/betting etc that actually starts spreading to other domains. Think linux
It doesn't. Usually I'd elaborate but I'm sure this is another faggy namelarp thread in the making.
Joshua Russell
At least I'm making an effort, tired of sifting through the shit that is biz, the good nuggets becoming rarer and rarer
*Worked
Brody Wright
When the lawyer can do away with all bookkeeping related expenses by implementing a smart contract / blockchain based system, he will upgrade because it will save him tens of thousands of dollars per year
Alexander Rogers
Deluded posts like this just show how many people haven't worked in the real world
How non standardized everything is, complexity of contracts, how stubborn people are at changing, how worried managers are about giving up an ounce because the risk of something going wrong
Agreed. Some people have some very linear style thinking. Sad.
Parker Price
Checked but I am an IT consultant and implement ERP / PSA software for different industries including lawyers offices and I can see the light at the end of the tunnel with projects like Link.
Nicholas Bell
Legacy (non blockchain) systems are used for roughly 100% of all recordkeeping and commerce. How does blockchain-blockchain interoperability do anything for interoperability between legacy systems and blockchain? It doesn't.
Jayden Young
Exactly why a project like chainlink will allow these existing systems to be automated via smart contract inputs and outputs. Anything with an api is compatible or can be made compatible with a simple adapter
Michael Sanchez
>Work in back office in large law firm, we still use software from 1998, shit looks like the original roller coaster tycoon for god's sake. underrated post you have your answer, better move along
Jayden Hughes
i work in a supply chain and you're very correct but once it becomes clear how great the cost savings and efficiencies are with blockchain solutions/smart contracts other companies that would otherwise be hesitant for the reasons you listed will jump on board quickly so as not to be left behind
>"you mean i can automate my entire accounts receivable, order processing, AND supply planning departments with this one solution??"
the complexity of implementing block chain/smart contracts is far less than the complexity of dealing with the headaches they solve
Ryan Fisher
i'm hedging what you're talking about with a big investment in EOS and a big investment in LINK. i'm certain at least one will win big - i actually think both will win, to be honest - so i got all bases covered.
Dominic Davis
also, ppl said the same thing about atms and the interent that theyre saying abt the blockchain.
eventually, all technologies with an upside get universally adopted.
Gavin Cox
Ok you seem like a non-larper so I'll tell you this: the questions you are asking show you don't understand the value proposition of the project yet. You probably have another few hours of research to go before you have a good feel for what the whole point is.
ERP companies are in the best position to benefit from smart contracts, but look at all the different suites, companies that use only part of the software, my company wasn't even using it properly. And you're talking about the small percentage of companies.
Oracle and SAP would have to work together for the same standard. These are big structural changes guys, not happening soon.
So what is more down to earth progress that's happening? Niche use cases, that's what I want to know
