I know there was a thread at the start of the year on the subject of Amazon versus the blockchain. The way I see it, and have from the start, is that blockchain and the cryptocurrencies that have grown on the back of it are here to stay. Indie authors, who are so often expressing their displeasure at the tactics adopted by the middlemen (like Amazon) to scrape off evermore profit, could vastly benefit from this new technology.
How? Well, that's a question of decentralised versus centralised.
How could we benefit from blockchain technology and cryptocurrencies?
Well, it is the decentralised aspect combined with the utter transparency of transactions. Think about peer-to-peer and distributed ledgers. I am not about to pretend to be an expert on this technology or cryptos, I'm not. But anyone who seriously looks into this can surely see the advantages for Indie authors. I mean, the advantages of a DEcentralised approach.
The rant aside, look at Amazon. They are taking this technology very seriously. Of course, their approach, being a corporation and all is centralised. As someone on the previous thread I mentioned above said, Amazon is a tech company and they are likely to adopt cutting edge tech like the blockchain. And so they have!
Don't believe me?
https://aws.amazon.com/partners/blockchain/
Don't think this also includes cryptos as well? Take a look at the last two partners listed on the page.
It's a brave new world. There will be Amazon with robots and blockchain, and coins. A centralised approach focused on controlling from top down for maximum profit for the corporation.
Then there will be the Indies authors who embrace a set up where readers can find their books easily by the most successful apps written. No middlemen, no necessity to run ads that return your profit to the corporation, no censoring your books where your political views do not align with the status quo. It's all only a blink away.
Edited. Drop me a PM if you have any questions. - Becca
How? Well, that's a question of decentralised versus centralised.
How could we benefit from blockchain technology and cryptocurrencies?
Well, it is the decentralised aspect combined with the utter transparency of transactions. Think about peer-to-peer and distributed ledgers. I am not about to pretend to be an expert on this technology or cryptos, I'm not. But anyone who seriously looks into this can surely see the advantages for Indie authors. I mean, the advantages of a DEcentralised approach.
The rant aside, look at Amazon. They are taking this technology very seriously. Of course, their approach, being a corporation and all is centralised. As someone on the previous thread I mentioned above said, Amazon is a tech company and they are likely to adopt cutting edge tech like the blockchain. And so they have!
Don't believe me?
https://aws.amazon.com/partners/blockchain/
Don't think this also includes cryptos as well? Take a look at the last two partners listed on the page.
It's a brave new world. There will be Amazon with robots and blockchain, and coins. A centralised approach focused on controlling from top down for maximum profit for the corporation.
Then there will be the Indies authors who embrace a set up where readers can find their books easily by the most successful apps written. No middlemen, no necessity to run ads that return your profit to the corporation, no censoring your books where your political views do not align with the status quo. It's all only a blink away.
Edited. Drop me a PM if you have any questions. - Becca