We already know blockchain's killer apps

The second form of tokenization, asset tokenization, is the process of taking a traditionally illiquid asset and transforming it into fungible shares on a blockchain. Those shares can be traded on a trustless marketplace to enable their liquidity.

Economists have long day-dreamed about problems that could be solved by market mechanisms. The laboratory has been opened, and by simply issuing a coin and a few rules, you are free to run your own cryptoeconomic experiment.

In both adoption and ease of use, cryptocurrencies are far behind the traditional banking system. But there are two use cases where cryptocurrencies are far ahead: international payments and micropayments.

Asset tokenization is a big deal, as are protocol tokens. Of course, there are a many problems we have to figure out before we can get there (both technical and regulatory), so we’re likely several years away before these fully bear fruit. But if enough builders align to push them forward, these two forms of tokenization will lead to massive value ... See more

I argue there are four killer apps for blockchains:

-Dark web and black market payments: a payments layer for those who require anonymity and censorship-resistance.

As a consumer technology, cryptocurrencies are a hot mess. They’re extremely difficult to purchase, the networks are slow, the transaction fees are high, the community is full of trolls, hackers, and scammers, it’s far too easy to lose your funds or have them stolen, and even if you win the battle to secure your funds or use a custodial service lik... See more

Vitalik Buterin, argues that crypto won’t have a killer app at all. I disagree.

-Payments (macro and micro): So long as cryptocurrencies require their users to have impeccable key management, blockchains can’t solve the peer-to-peer payments problem. Parallel to this, many economies are making big leaps forward in the ease of traditional payments. Look at Venmo in the U.S., M-Pesa in Africa, or AliPay and WeChat Pay in China. ... See more