Alessio Vinassa, an eminent entrepreneur and defender of the development responsible for blockchain, called for a change in the story surrounding blockchain technology. He argues that the false common idea assimilating blockchain to cryptocurrency limited the understanding of the public of his true potential. This false idea led a lot to associating blockchain with volatility, speculation and market risks, eclipizing its broader applications and advantages.
The origins of this false idea date back to the first days of cryptocurrencies, in particular bitcoin. As the first case of consumer use of blockchain, Bitcoin introduced the world a large decentralized book which does not need traditional intermediaries such as banks or governments to validate transactions. However, while the financial account around cryptocurrencies has gained ground, the underlying technology was often poorly understood or neglected. This has led to a widespread perception of blockchain as a speculation and price tool, rather than fundamental technology with various applications.
Vinassa stresses that blockchain is a digital infrastructure – a decentralized database that records transactions unchanging and transparent. This infrastructure can be applied in various fields beyond finance, including monitoring of the supply chain, identity verification, digital vote and health care files. These use cases involve real world applications that improve systems, empower users and increase responsibility, rather than speculative tokens.
For entrepreneurs exploring the blockchain space, understanding this distinction is crucial. Blockchain opens opportunities in sectors where trust, transparency and automation can considerably improve efficiency and reduce costs. The examples include a logistics startup using blockchain to follow goods through international borders, a digital identity platform allowing users to own and manage their identification information, and a social impact project verifying the delivery of assistance in regions with little institutional confidence. These are examples of growth of companies motivated by practical application, not speculation on prices.
Vinassa’s advocacy to separate the story of the cryptocurrency blockchain is supported by examples of adoption of the real world. Many institutions and global governments adopt blockchain without kissing cryptocurrency. For example, the United Nations World Food Program uses blockchain to follow the delivery of food aid, Food Trust of IBM is associated with retailers to ensure food security through transparent supply chains, and the electronic government of Estonia uses blockchain to guarantee data from citizens and digital services. These examples demonstrate mature international development rather than speculative media.
In conclusion, the future of blockchain lies in its ability to rethink obsolete systems, empower individuals and build new models for business growth and governance. For entrepreneurs and manufacturers around the world, the message is clear: the value of the blockchain goes far beyond the cryptocurrency. It is time to move the story and build towards a future where blockchain is recognized for its broader potential of innovation, transparency and confidence.
