Sustainability, Loyalty, Gaming: How Ardor is Attracting Real-World Use Cases for Blockchain
Feb 5 2021 · 13:35 UTC | Updated
Feb 5 2021 · 13:43 by Julia Sakovich · 5 min read
Photo: Ardor Platform / Twitter
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The real-world use cases supported by Ardor demonstrate that, nearly four years on from the initial enterprise blockchain hype, blockchain has indeed found the problems it can solve.
As recently as a few years ago, enterprise blockchain was still often the headline news in the cryptocurrency press. However, it was frequently hype-based speculation based on a report that any given company was considering a pilot. Therefore, at that time, the reality couldn’t possibly match the hype, resulting in the accusation that blockchain is a “solution looking for a problem.” As the fanfare died down, headlines turned to price speculation, hacks and misdemeanours, and more recently, DeFi as the hottest new use case.
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Over recent years, many blockchain development platforms have launched, but unfortunately, few of them have managed to gain traction with developers in any meaningful sense. According to an academic study carried out by researchers at London’s Imperial College in late 2020, most transactions on three of the “biggest” blockchain platforms don’t result in any value transfers. They found that only 2% of transactions on Ripple’s XRP ledger and 18% on Tezos represented value. Similarly, during three months in 2019, 95% of EOS transactions were related to the EIDOS token, which is currently all but valueless.
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