New pedigree of Token ‘Social Blockchain’

Western philosophy developed by going through dialectical process: Socrates – Plato – Aristotle. One pedigree has formed. Like development process of western philosophy, blockchain has its own pedigree: Bit – Ethereum – EOS.

This pedigree, so called as main-net, develops by going through a thesis-antithesis-synthesis process while supplementing original blockchain theory. Dialectical development means vertical growth. Because it develops as it strengthens the strength and makes up for the weakness. Therefore, vertical systematization is formed during development process.

Once vertical systematization is overly divided, it will show lack of differentiation or occurrence of wasteful element. Now, 10 years after birth of Bitcoin, main-net affiliation’s blockchain technologies are competitively nominating dominance of speed competition, lower maintenance costs, and stability of consensus algorithm. Speed, costs, and stability are recognized as wasteful element. Since then, the release of the main-net, which receive special attention, has not been seen.

New affiliation gets created by Ethereum, which created concept of smart-contract. Utility token affiliation called Dapp is created. Called as Reverse ICO, steam-it (coin compensation for reading or writing), remittance, or medical data- related coins have created affiliation which cross-grows in each variety.

Reverse ICO project that combines existing businesses with blockchain service spread like a fad. But there must be native limitation on combining existing business base with blockchain. This affiliation has no choice but to stop at the level of taste that coin and blockchain are able to do such things.

There is limitation to freely construct crypto-business because of affect from existing BM, shareholders, and members as orientation in existing business. That is why existing financial institutions and platforms cannot achieve good results from crypto-business.

Currently, crypto-fund and crypto-economists are looking forward to savior of crypto. Savior, they are looking for, is not an appearance of main-net that can handle hundreds of Dapp such as Bit or Ethereum or Dapp like stream-it. What they are looking for is creation of influential project that unleashes the Fourth Industrial Revolution, resolving the absurdities and weaknesses of society, and minimizing the risks of incoming age of networks.

It is creation of new blockchain affiliation so called social-blockchain. Social affiliation will lead the social change and revolution by combining the social integrity, which was not enough from blockchain technology and token economy, and be a trigger that will newly reorganize dynamics of world economy. 

Translate: Seokjin Hong

Professor Hangjun Park of Sehan Uni. (news@dailycoinews.com)의 기사 더 보기

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