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Are there good uses for the blockchain? (lemmy.world)

submitted 4 days ago by [email protected] to c/[email protected]

73 comments fedilink hide all child comments

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?

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[–] [email protected] 6 points 4 days ago (4 children)

But is this actually a problem. Does people go around now and need proof that they bought some property?

To me it seems like blockchain is a solution looking for problems that doesn’t really exist.

[–] [email protected] 4 points 4 days ago

Title fraud is a real thing

[–] [email protected] 1 points 4 days ago

But is this actually a problem. Does people go around now and need proof that they bought some property?

Yeah, all the time, obviously. That's literally what a receipt is. If people did not need to prove that they owned things, then receipts, titles and deeds wouldn't exist.

[–] [email protected] 1 points 4 days ago

It is a problem. I used a very specific situation, but the need is there. That said, is blockchain the best solution for an ever shrinking planet? That'd be a no.

[–] [email protected] 0 points 4 days ago

Palestinians commonly have to defend their home ownership to settlers claiming their land but i doubt blockchain would help even if it was around long enough to record such a thing. American Indians are another obvious case of "but it's written right here .." where blockchain probably wouldn't help.