Polygon Co-founder: Blockchains Do Not Solve Any New Problems

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The founder of Polygon (MATIC) took to Twitter to express his thoughts on how blockchain systems should address financial, social, and other issues.

Sandeep Nailwal debunked one of the most toxic narratives of ardent blockchain skeptics: the Web3 revolution isn’t just about solving “new” problems.

According to him, industry speakers should not dismiss the use cases chosen by blockchain teams as “imaginary.”

The vast majority of blockchains are focused on improving the ways existing technical mechanisms address “old” challenges within and outside of fintech.

That is why, in terms of global blockchain adoption and solving major global problems, “inventing” new use cases for blockchain-based tools makes no sense.

Polygon (MATIC) is now being used as a technical platform for police reports in the Firozabad district, it was announced earlier this week (Uttar Pradesh, India)

Polygon (MATIC) zkEVM has begun the dApp onboarding process:

The use of Polygon (MATIC) for accepting and processing police complaints will increase the transparency and immutability of law enforcement mechanisms.

Polygon (MATIC) made headlines in August 2022 with its latest development, zkEVM. According to U.Today, this platform opens up previously unknown possibilities for ZKP-based protocols.

QuickSwap, a major Polygon-based decentralized cryptocurrency exchange (DEX), will begin stress testing Polygon’s zkEVM on the public testnet.


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