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The OP specifically asked to leave cryptocurrencies out of it and judging by the post does not consider finance to be a 'substantial' example. Are there any con
by jpmoral 7y ago
The OP specifically asked to leave cryptocurrencies out of it and judging by the post does not consider finance to be a 'substantial' example. Are there any concrete examples where blockchains are both useful and necessary?
- unusximmortalis 6y agowow, you did not understand almost anything from that post.
- chrisco255 7y agoYes I literally posted 5. The disentanglement of blockchain from cryptocurrency is senseless. The entire point of a blockchain is to serve as a distributed ledger. If it's truly decentralized, it has to be monetized somehow to incentivize the maintenance of the blockchain. Hyperledger is a blockchain that is mainly used for these private blockchains that are used in corporate settings. However, a public chain has 100% uptime, is permissionless, and is by far the most useful application of the tech. https://www.baseline-protocol.org/ https://www.baseline-protocol.org/ Baseline Protocol is a collaboration between Ernst & Young and Microsoft to use Ethereum as a secure, cross-enterprise business process collaboration layer, which is powerful but you'll have to some knowledge of how back offices in enterprises currently work in order to grasp it. Finance is incredibly substantial. Everything you know is powered by finance. It's a multi hundred trillion dollar industry.
- jpmoral 7y agoYou haven't explained how blockchain is both useful and necessary in finance. The useful part you asserted without elaborating, the necessary part I don't see.