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The storage of information that no one owns for one. Further on chains like Ethereum's one can build a contract based on a contract built by another party. Furt
by kls 8y ago
The storage of information that no one owns for one. Further on chains like Ethereum's one can build a contract based on a contract built by another party. Further using the data in that contract in new and novel ways. So lets say I build an app lets say for simplicity sake, I build a game and expose all the mechanics as a contract but I absolutely hate swords. So I will not implement swords in my contract. You are free to come along and build a contract that extends my contract and adds swords to it. My contract is still 100% whole and unmodified but you are able to get what you want.
From a more practical aspect I see great value in, non-corporate owned data. For example medical records. If everyone had a contract where they can provide their key to their medical providers so that they can add diagnostics, x-rays etc. and then only individuals you grant access to can read said records you would have a nice solution to open but secure medical records. Without a central authority or corporation owning and having control of that data. an open credit report would be another good one. Social networks not owned by Facebook and where anyone can build apps ontop of said data would be another.
It's not a fix all as companies are pitching it based on the buzz but anywhere where open data that needs to be secured and would better off if it where not owned by an organization, block-chain is a great solution. Sure there are speed issue with it right now. But assuming that, the speed issue is addressed I see a lot of uses for it.
- icebraining 8y ago> My contract is still 100% whole and unmodified but you are able to get what you want. So, a VCS fork? We had that for a while. > medical records All you're describing is an online folder with a standard API to which you upload encrypted files. The point of the blockchain and friends is to achieve consensus. It brings absolutely nothing new to that use case. It's only worse, since it relies only on encryption to protect extremely sensitive data. Do you want all your records open in twenty years when someone breaks whatever algorithm used back then?
- sharemywin 8y agoFree speech. Anonymous speech. Some kind of electronic notary: Some kind of hash that verifies something hasn't been tampered with which is signed by multiple parties which keeps adding transaction on top of transaction making it costly and costly to change the hash.
- icebraining 8y agoFree speech. Anonymous speech. Doesn't require achieving a global consensus, hence we already have had Freenet for quite a while. electronic notary Still no consensus required. Cheaper version: have all parties digitally sign a file with that hash, then upload it to IPFS and share the address.
- mbesto 8y ago> I see a lot of uses for it. No one is denying the use for it, it's just that it's literally not actually being used yet. Again, I'm waiting for someone to provide an answer to it actually being used, not "it could be used here".