automaton

“I don’t think enterprise blockchain has seen a ChatGPT moment. Everyone talked about AI for so many years, but it became really popular with ChatGPT.” “ChatGPT is a great example,” Liu said. “AI went through four, five or six phases before that moment. . . . It’s a great example of the patience necessary before [an event of that scale happens] in the blockchain consumer enterprise world.”

What is going to be blockchain technology's ChatGPT?

Blockchain technology can help companies, involved in international trade, overcome real challenges by making several time and resources consuming processes easier:

Two of the biggest challenges in international trade are the ability to authenticate or verify the identity of international parties across the trade transaction lifecycle and and the ability for parties to establish trust in various steps of the international trade transaction. The characteristics of the blockchain, specifically immutability and transparency create a unique opportunity to leverage digital identities for companies in cross-border transactions. What are then the reasons why the technology hasn't achieved widespread adoption yet?

Zero-knowledge proof is one of the most active development spaces of the whole industry. This news is quite fresh:

Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack.

It’s a modular framework for a series of ZK-powered custom blockchains called Hyperchains, which will operate as a new layer on top of the existing layer-2 protocol.

I think we need more of this (real life use cases) and less get-rich-quick cryptobro talk in the space:

Polygon [MATIC], one of the largest Web3 networks, announced the launch of an open database consisting of use cases for blockchain technology.

Web3 experts and big players in the space feel there is a greater need to bring out the positive applications for blockchains. They want to pitch it as a general-purpose technology, rather than only seeing it as a medium for facilitating asset trading.

Referred to as “The Value Prop”, the database hosts a catalogue of more than 300 applications and a number of use cases spread across different business verticals, blockchain networks, and geographies.

Blockchain and Web3.0, both pillars of the next generation digital economy, are spotlighted as integral parts of the city's digital transformation strategy. By prioritizing these technologies, Shanghai aims to position itself at the forefront of digital innovation and economic growth.

Blockchain tech company ConsenSys, represented by lawyer Bill Hughes, has formally objected to the Securities and Exchange Commission's (SEC) Notice of Proposed Rulemaking (NPRM) concerning the redefinition of a securities "exchange". ConsenSys contends that the amendments proposed by the SEC would be unlawful if finalized in their current form, as they are intended to apply to blockchain protocols. They allege that the reopening release fails to rectify key legal deficiencies in the proposed amendments, misinterprets the term "exchange" as per the '34 Act, and inappropriately aims to redefine exchanges in order to strengthen the registration of broker-dealers.

Polygon Labs has pointed out that the new rule would be logistically unworkable, given the structure of blockchain technology. They highlight that the numerous independent validators of blockchain transactions cannot practically coordinate to register as an exchange, and these validators, by design, don't control DeFi protocols.