China has released it's blockchain ranking list again and the highlight for me is looking where Steem is placed. Currently we hold the 4th spot which is fine as there is room for improvement. What it shows us is Steem is under performing in the markets and in my mind so undervalued. The three blockchains above Steem are all in the top 11 on Coin Market Cap with Steem in 4th ranked at 59. This doesn't make sense to me and this I feel will change over the coming years.
The rankings are tallied on certain scores and they are
1] Basic technology. Steem scored fairly well.
2] Applicability. Steem lost points here and scored poorly.
3] Creativity. Steem scored a middle of the road score on this one.
Steem is still in it's infancy and there is so much development that will still happen here as Dapps will be drawn by the community. The recent changes to the running costs is the key and developers will be drawn by that alone.
Around 12 months ago Steem was number one for technology and future development will bring this score up considerably. According to this index Steem needs to find 37 points to reach number one and that isn't a lot really, but an overall improvement of 25 percent.
With all the negativity around here I think it is important to highlight positives as things are not that bad. I see this as great news as this is not the finished article and there is a long road ahead.
