Blockchain technology is just a tool that solves a problem, it cannot be the goal of the entire project. The overuse of terms like “transparent,” “distributed” and “blockchain-based” soon made most press papers look generic. The closer we got to the peak of the Bitcoin price at the end of 2017, the more absurd the names of new projects became: “Ethereum-based payment system for slaughterhouse industry workers,” “decentralized blockchain-based dwarf horse breeding platform,” “peer-to-peer personal banking service for divorced blind people,” and so on.

Many crypto exchanges launched on the wave of blockchain popularity are dying — they just have nothing to trade anymore. The situation is especially visible on review platforms, which store cards of hundreds of closed projects, often together with angry user reviews.

Read the full article at Coin Telegraph

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