For years there has been a major section in the world of technology which believes that Ethereum is indeed a superior technology compared to other blockchain based systems. Over the years many major names in tech have been showing their support, directly or indirectly. Microsoft’s love for Etheruem is not unknown and today, Microsoft’s Marley Gray commented on the technology, calling it a Mature and Pragmatic network.
Marley Gray, who works with Microsoft as the Principle Architect for Microsoft’s Project Bletchley – a vision for the future based on blockchain technology. In an interview that he recently gave to EthNews, Marley Gray commented on a number of things, including the future of Ethereum based technology. Here are a few excerpts:
On people blindly investing in the ‘currency’ instead of the Ethereum Tech
“If you’re in it for the price of Ether, you’re in it for the wrong reasons. It was never designed to be a currency. It was designed to be a fuel. Now, it trades like a currency, and that’s great. But it’s that wild diversion of greed that throws us off track.”
On being asked about the adoption of the Ethereum technology by corporates in 2018:
“I don’t think the true value for financial services is going to come until they can sell into other contractual markets like supply chain, where you’re selling the insurance contract on a shipping container, or you’re selling credit to somebody who is borrowing it for receivables factoring, or something like that.”
On Smart Contracts in Ethereum:
The real revolution isn’t cryptocurrency. It’s blockchain and smart contracts. The next thing is futures contracts. The real revolution isn’t cryptocurrency. It’s blockchain and smart contracts. The next thing is futures contracts.
With more major names in the world of technology supporting blockchain technology, it surely appears that Ethereum and other similar technologies will grow stronger. Gray makes a valid point here when he says the future isn’t cryptocurrencies, but it is blockchain!