While TradFi is the main source of demand for blockchain tech, digital identity and supply chain are exciting areas too, according to Google Cloud Head of Web3 James Tromans.
The crypto industry is far too focused on token prices rather than figuring out how smart contracts can be used to solve real-world business problems, according to Google Cloud’s Web3 lead.
In an interview with Cointelegraph, Google Cloud’s head of Web3, James Tromans, stressed the need to focus more on the business logic in the smart contract rather than the supply and demand dynamics of the token:
“What are the business problems that you want to get executed? When you’re running a smart contract to execute some business logic to solve your business problem, you’re using a token, but the token is not the thing; it’s the business problem that's the thing.”