#blockchainews

By the turn of 2021, we will have a much clearer picture of whether newfangled layer one blockchain networks like Near, Polkadot, Dfinity, and Nervos will be able to contribute substantially to the blockchain ecosystem. Competition is good and I remind everyone that the goal is global disintermediation, decentralization, and the commoditization of trust, rather than a brand of protocol winning. That said, this sprint to layer one supremacy has only spurred on the development of Ethereum 2.0, and the many competing elements are experimenting with new ways to develop the best blockchain product. The answer to who will succeed lies with developers and users.

The state of Delaware announced it wants to use blockchain technology to speed the process of registering new businesses in the state. It’s significant not only because government support of this space is so rare, but because Delaware incorporates more public companies than any other state. Bitcoin believers, of course, may scoff at this as another example of blockchain being used for something rather unexciting: improving an old institution’s dated IT processes. But Delaware going digital has major implications, since other states could follow. Delaware Gov. Jack Markell even said at Consensus that the state would consider creating a new form of “distributed ledger” shares in companies registered via blockchain.