In being realistic about the current state of this industry and in taking a critical eye beyond the hype at the actual value being produced - in the form of products - we arrive at the indisputable fact that it’s more or less a pile of scams, useless garbage and gambling. Digital collectables, online casinos and self-labelled ponzis dominate the emerging industry as ‘get rich quick’ is shilled to the masses through an industry built an enormous bubble of FOMO.
This is actually a huge shame and a far cry from the envisioned Killer Dapps that all of this blockchain infrastructure has been built to support. It seems the vast majority of real projects are positioning themselves to supply the tools for people with better ideas and more vision to use to create actual 2C applications that people will actually use. That’s all well and good but if you’re a scaffolding supplier in the middle of the ocean, you’re going to have a bad time.
If it’s not just an absence of plausible dapps, it’s the whole warped concept of what a dapp actually is. Many projects seem content with building an app, slapping a token on it and calling it a dapp because blockchain. And the worst part? People eat it up.
A dapp is something that cannot be shut down unless EVERYONE leaves the party. If your “dapp” has a killswitch or relies on centralised servers to support all operations - it’s not a dapp.
This is important in so many places around the world where governments censor their populations or limit their access to certain information. If you believe information should be readily available to anyone anywhere in the world, you support dapps. Real dapps.
But it’s only so far to open this kind of system - to avoid manipulation by those paid to or with a vested system in circulating misinformation, this doesn’t cut it. In the era Cambridge Analytica and Russian Twitter bots electing the Donald (fight me), the once relative sanctity of online information is soiled by the Information War that is raging at the heart of the Internet. Considering most people can’t tell the difference between real and fake news, you can’t blame the powers that be for using this to their advantage.
But it’s not all gloom and doom, there is still hope for those that believe humanity’s (arguably) most important invention of the past Century - the Internet - is just going through puberty. With a new-found interesting in self-destruction, the Internet refuses to cut its hair and has developed an interest in that one guy/girl everyone says is bad news.
As with all great systems, there is a constant trial and error process that contributes to its evolution into a beautiful butterfly. In our current digital world, we are increasingly made aware of new technologies that in the right combination and with just a touch of sass can actual solve real problems. That’s what Primas does.
Using big data, blockchain, natural language processing and an actually decentralised system, Primas presents a credible alternative to this mess of fake news, clickbait, manipulation by centralised platforms, all whilst collecting interesting perspectives from anyone around the world and even rewarding them for that.
As Blockchain is all about recording and verifying records, Primas uses blockchain for time-stamping content and its metadata - that's it. The rest is all about recommendation of content and analysing metadata to ensure that 'quality' can shine.
Pwoah.
/endshill