Ethereum co-founder Vitalik Buterin recently went over some of the non-financial applications of blockchain technology in a Twitter thread. He also noted that “as blockchain scalability gets better and better, and user interfaces (UX) improve and fees drop as a result, this will become a bigger and bigger part of the story.”Buterin, who recently received an honorary doctorate from Switzerland’s University of Basel, believes “one underappreciated way to view blockchains is as an extension of cryptography that does different things. Cryptography allows you to encrypt data [and] prove data was signed by someone.”
