• Cardano Foundation’s Mel McCann believes that arguments about which blockchain is the best should stop, as use cases dictate which blockchain is most appropriate for specific projects.
• McCann said enterprises don’t need to entirely change their business models to adapt, but rather augment them by leveraging Web3 capabilities.
• The executive also said there’s no such thing as the ultimate blockchain and that education plays a role in onboarding enterprises into Cardano and Web3.
What Is Blockchain?
Blockchain is a technology that tracks the history of basically anything and offers potential benefits in terms of tracking provenance. It can be used for various purposes such as proof of origin or to better improve businesses through Web3 capabilities.
Arguing About the Best Blockchain
Mel McCann, Vice President of Engineering at the Cardano Foundation argues that different use cases dictate which blockchain is most appropriate for specific projects, so arguments about what is the “best” blockchain should stop.
McCann believes that companies do not need to completely change their business models to adapt but instead are able to better improve their business models by leveraging Web3 capabilities. Education also plays an important role in onboarding enterprises into Cardano and Web3.
No Such Thing As Ultimate Blockchain
McCann states there is no such thing as an “ultimate” blockchain and each has its own purpose and use case depending on the project it will be used for.
The article discusses how blockchains can be used for various purposes with different advantages depending on the project it will be used for as well as how enterprise adoption does not require a complete change in business model but instead augmentation by leveraging Web3 capabilities with education playing an important role in this process.