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I completely understand that. I answered more or less the same question on Reddit yesterday and I hope it can bring some value here too: In the same way that B
by bjaanes 9y ago
I completely understand that. I answered more or less the same question on Reddit yesterday and I hope it can bring some value here too:
In the same way that Bitcoin allows people to send money to each other without having to trust the other person, you can do computation without having to trust a centralized party to do that computation. And it doesn't have to be "computing" in the way you might think about it; it can be tracking, storing and securing information (generally a hash of that information) with some logic around it (who can append, payments, vote on things, etc.).
I wrote a blog post about some potential use cases. Most of which are realized only with smart contracts. Some are pretty "out there," but in the end it up to the innovators of the world to decide what we can or cannot do with this.
http://www.gjermundbjaanes.com/the-blockchain-innovation-part-2-what-can-blockchain-solve/ http://www.gjermundbjaanes.com/the-blockchain-innovation-par...