Technical potential over financial uses
Sweeney stressed that interest in blockchain technology is focused on its technical capabilities rather than its financial aspects. He described blockchain technology as a “decentralized solution for distributed transactional evolution,” suggesting that it could function as an alternative to traditional databases. This approach is similar to that of other projects, such as Pirate Nation, which plan to use blockchain technology to manage transactions across multiple systems.
In a recent interview with author Matthew Ball, Sweeney discussed the broader applications of blockchain technology, highlighting its potential in areas such as zero-knowledge proofs and cryptographic consensus protocols.
Sweeney supported the idea of an “open metaverse,” advocating for decentralization and interoperability in digital environments through open protocols and standards, and mentioned the efforts of the Metaverse Standards Forum to establish industry-wide technical standards.
Despite blockchain’s association with cryptocurrencies, which Sweeney says has negatively affected his perception, he remains confident in the future of the technology. He acknowledged the current challenges and uncertainties around blockchain, but hopes its value will be recognized over time.
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