The blockchain landscape has advanced rapidly in the last five years, meaning that some major projects still need to scale effectively or they will cease to exist. . This also brings into question the longevity of projects and highlights the importance of building on a stable and scalable protocol such as the BSV blockchain.
In this nascent stage of the Metaverse and the BSV blockchain, an enterprise leader may well find it to be the case that getting even a simple product to market may involve them developing various protocols and technical standards, as well as a portfolio of intellectual property that could be licensed for an additional business model.
The BSV blockchain not only offers micropayments and limitless scaling but is also the perfect platform to manage personal data and certification for governments and enterprises, says Dr Katherine Lephoto, executive sales director at VX Technologies.
VXPASS offers worldwide vaccination verification that doesn’t store your personal medical information. This frees governments, healthcare providers, insurers, and companies from the burden of handling personally identifiable health credentials.
If companies are willing to relinquish some of their control over the content generated by all the users within the respective Metaverses and simply compete to offer attractive services which were all denominated in a token settled on a suitable blockchain then that arrangement would be mutually beneficial for all parties.
The inherent value of the BSV blockchain is not the blockchain itself but rather how enterprises can use it as a utility, says Valentine Labarthe, Head of Commercial and Strategy at nChain.
Speaking at the recent Blockchain in business – new opportunities conference in Poland, Labarthe said nChain has been working with the Polish Blockchain Association to ask how web3 could generate new brand revenues and sustain long-term customer engagement.