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

submitted 1 day ago by [email protected] to c/[email protected]

61 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] 13 points 1 day ago (1 children)

So in theory it would be terrible to use as proof for ownership.

[–] [email protected] 5 points 1 day ago (1 children)

In theory in a perfect world without scams or mistakes it could be useful but then again why would you need it in a perfect world.

[–] [email protected] 0 points 8 hours ago* (last edited 8 hours ago) (1 children)

Weirdly enough, despite the hype of NFTs, that's what they were being used for in the background of the bullshit.

Small artists were and still are using it to sell their work internationally, where they can tailor their own contracts that people, by default, agree to by purchasing.

They were used by people to control and verify their ownership of sensitive digital media as well.

[–] [email protected] 2 points 6 hours ago

Only the NFTs didn't do anything of the kind, unless backed up by actual legal contracts in which case the NFT was pointless, and you could just have had the legal contracts

The only reason it had a brief flash in the pan was that it was an attractive grift for speculators betting there were greater fools, and when the fools ran out so did the NFTs