Please don’t auto downvote before reading.

A little bit ago some asked a question about why the hate of the blockchain, and that got me thinking if there even was a legitimate use case where the blockchain would be beneficial, but I couldn’t think of one outside maybe some sort of decentralized bank, but before I knew I was thinking it would instantly turn into some crypto scheme and strapped it, because crypto currencies are a scam on every level – and no they aren’t private or secret as some think either.

So I wanted to ask the community. Instead of using the blockchain for crypto, is there a better use where the blockchain could benefit society?

  • SkyNTP@lemmy.ml
    75·
    1 day ago

    Nobody wants their transactions public.

    This is a broad generalization that is easily refutable. Examples:

    • Property titles
    • Political campaign contributions
    • Supply chain certifications, to fight consumer fraud and counterfeitting.

    Frankly, you say you can talk for hours on the subject, but I don’t think that hours of thought has been given to the subject.

    • Ceedoestrees@lemmy.world
      11·
      8 hours ago

      I’m pretty blockchain neutral. I took an interest in it at one point, did some graphics work for a few companies so I learned the ropes. So yeah, I agree with the statement that OP’s making a few leaps in logic.

      There are a lot of corrupt as fuck companies working in blockchain because of a weird cryptobro need to reinvent the wheel of finance, but blockchain is still kinda neat. Sending funds internationally is easier, in my experience. Moving funds across borders can be a pain in the ass through a bank if you don’t do it often - with crypto it’s a few clicks.

      This is from my old crypto knowledge before I stopped working with those folks, but there was a company in africa that launched a mesh network that spanned across multiple countries, using crypto as both the payment and the fee for spreading the signal or using it. Then there were at least a couple cases of people securing control of personal, sensitive media by tokenizing it as an NFT - which I understand was done as a faster and cheaper alternative to copyrighting internationally.

      Again, I can not state enough how not a crypto bro I am, because it seems like standing in the middle of the road makes me too block-chain friendly for the internet. I’ve just been involved peripherally to a few things that made me go “Huh, that’s actually pretty cool.” It’s just another technology.