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Published Sep 17, 2023 09:54PM ET Updated Sep 17, 2023 11:40PM ET
The crypto industry is far too focused on token prices, rather than figuring out how smart contracts can be used to solve real-world business problems, according to Google (NASDAQ:GOOGL) Cloud’s Web3 lead.
In an interview with Cointelegraph, Google Cloud’s Head of Web3 James Tromans stressed the need to focus more on the business logic in the smart contract rather than the supply and demand dynamics of the token:
Blockchain tech isn’t invisible enough
Web3 is about solving business problems, not token prices: Google Cloud exec
