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Ask HN: What applications does blockchain tech have, other than cryptocurrency?

12 points by vijayr 9y ago

It seems most of the convo around blockchain is crypto currency. What are some other use cases? Is it as revolutionary as it sounds?

jetti 9y ago
Use of clearing for financial markets. You'll be able to verify that party A has the instrument and party B has the currency without needing to go through a separate company.
mtmail 9y ago
https://en.wikipedia.org/wiki/Blockchain#Applications https://en.wikipedia.org/wiki/Blockchain#Applications lists many use cases: land registry, online voting, crowd sales, supply chain management.
muzani 9y ago
Ethereum is banking on smart contracts. Contracts that trigger when the conditions are fulfilled and automatically transfer the money.
sharemywin 9y ago
proof of digital asset ownership.
alien2003 9y ago
Bitmessage. It's email and mailing lists alternative based on block chain
FabHK 9y ago
There is some argument about terminology, whether the notion of blockchain includes the peer-to-peer distribution and consensus mechanism (eg proof-of-work) or not. (In my view, it shouldn't.) Git uses a somewhat extended version of a blockchain (a directed acyclic graph instead of just a linked list). I think it's a cool technology, and has many applications where you want an immutable sequence of records. But it's not a panacea, and the current hype is overblown.
- stevekemp 9y ago
  Agreed with your last sentence entirely. I've been messing around with using a blockchain for storing DNS records, I think it's a neat idea, but the overhead is pretty large considering the small amount of data that is involved.
  - vijayr 9y ago
    Any favorite resources you use to learn?
    - stevekemp 9y ago
      Reading source code of existing learning/real chains. Then trial and error - the usual :)
konart 9y ago
Here in Moscow it is now used in Active Citizen program for polling. + Anyone can install a piece of software and monitor polls in real time.
tyingq 9y ago
Close to cryptocurrency, but reward points seem like a good use case. That is, something very seamless to move rewards around whether they were earned for a hotel, airline, credit card, etc. Points.com takes a pretty big cut for that (centralized) service today. Money transfer as well, maybe. I don't know the space well, but it seems like MoneyGram, Western Union, and similar charge a high premium for their services in some cases.
- companyhen 9y ago
  Stellar Lumens is one of the top coins working on remittances, IBM is partnered with them. It's also a non-profit. Highly recommend doing some research into this one.
flignats 9y ago
Almost anything that needs validation/integrity. Luxury handbags? Check the blockchain to confirm it is real. Need goods transported at a consistent temperature? The blockchain can validate that your shipment did in fact remain (or not) at a certain temperature. Want to buy a scalped ticket? Scan the QR code and confirm the ticket is usable.

12 points by vijayr 9y ago

It seems most of the convo around blockchain is crypto currency. What are some other use cases? Is it as revolutionary as it sounds?

jetti 9y ago

Use of clearing for financial markets. You'll be able to verify that party A has the instrument and party B has the currency without needing to go through a separate company.

mtmail 9y ago

https://en.wikipedia.org/wiki/Blockchain#Applications https://en.wikipedia.org/wiki/Blockchain#Applications lists many use cases: land registry, online voting, crowd sales, supply chain management.

muzani 9y ago

Ethereum is banking on smart contracts. Contracts that trigger when the conditions are fulfilled and automatically transfer the money.

sharemywin 9y ago

proof of digital asset ownership.

alien2003 9y ago

Bitmessage. It's email and mailing lists alternative based on block chain

FabHK 9y ago

There is some argument about terminology, whether the notion of blockchain includes the peer-to-peer distribution and consensus mechanism (eg proof-of-work) or not. (In my view, it shouldn't.) Git uses a somewhat extended version of a blockchain (a directed acyclic graph instead of just a linked list). I think it's a cool technology, and has many applications where you want an immutable sequence of records. But it's not a panacea, and the current hype is overblown.

stevekemp 9y ago
Agreed with your last sentence entirely. I've been messing around with using a blockchain for storing DNS records, I think it's a neat idea, but the overhead is pretty large considering the small amount of data that is involved.
- vijayr 9y ago
  Any favorite resources you use to learn?
  - stevekemp 9y ago
    Reading source code of existing learning/real chains. Then trial and error - the usual :)

konart 9y ago

Here in Moscow it is now used in Active Citizen program for polling. + Anyone can install a piece of software and monitor polls in real time.

tyingq 9y ago

Close to cryptocurrency, but reward points seem like a good use case. That is, something very seamless to move rewards around whether they were earned for a hotel, airline, credit card, etc. Points.com takes a pretty big cut for that (centralized) service today. Money transfer as well, maybe. I don't know the space well, but it seems like MoneyGram, Western Union, and similar charge a high premium for their services in some cases.

companyhen 9y ago
Stellar Lumens is one of the top coins working on remittances, IBM is partnered with them. It's also a non-profit. Highly recommend doing some research into this one.

flignats 9y ago

Almost anything that needs validation/integrity. Luxury handbags? Check the blockchain to confirm it is real. Need goods transported at a consistent temperature? The blockchain can validate that your shipment did in fact remain (or not) at a certain temperature. Want to buy a scalped ticket? Scan the QR code and confirm the ticket is usable.