Finance is NOT the Future of Blockchain But Cross-Domain Collaboration is

Once upon a time, the emerging of the blockchain seemed to initiate a parallel new era, a utopia of the Value Internet. However, now the tide has receded, Bitcoin and Ethereum, as the flagships of the blockchain, are still struggling to get out of the dark tunnel, and the difficulty of landing various blockchain applications still has not been resolved.

Is it because of the immature infrastructure of the blockchain? Or was it led in the wrong direction?

We believe that the maturity of a technology is a gradually cumulative process, which is not the root cause of the current status of blockchain development. The key to the problem is that blockchain projects are revolving around the finance too much at the cost of neglecting the governance and management of the most basic layer of the cross-domain collaboration.

Manipulated Bitcoin and Hunted DeFi

It was in 2008 global meltdown when Satoshi Nakamoto first created Bitcoin. He hoped to create a transparent, decentralized payment system, free from the control of any centralized institutions. This original intention is good, but the cryptocurrency that Satoshi Nakamoto wanted, which is entirely decentralized, transparent, and widely circulated among the people, now has become…