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The blockchain can just be used to do PKI. People having cryptocurrency wallets installed means they have a private key, and when people have private keys you c
by ReverseCold 9y ago
The blockchain can just be used to do PKI. People having cryptocurrency wallets installed means they have a private key, and when people have private keys you can do a whole lot of cool stuff.
My blockchain/IoT startup[0] primarily uses the blockchain as just that, a backend for PKI.
[0]: https://ethyl.io/ https://ethyl.io/
- davidcbc 9y agoWhy does the average Facebook user care?
- ReverseCold 9y agoThey don't. GP said they had a hard time understanding what the use of a blockchain in social networks would be. I was trying to get at the point that blockchain being ubiquitous leads to people having private keys which would enable an end to end encrypted social network.
- detaro 9y agoWhy not just give people private keys? Why attach them to a blockchain?
- ReverseCold 9y agoMy point was that blockchain being ubiquitous leads to people already having a set of keys that they can use. Of course you can manage keys yourself, but it's a lot harder than if the user already has it set up.