4 ms·
There's finance stuff which is mostly large organization to large organization. Everything from escrow, loans invoices, to things like RFPs and supply chain man
by Sargos 6y ago
There's finance stuff which is mostly large organization to large organization. Everything from escrow, loans invoices, to things like RFPs and supply chain management.
Then there's the NFT/Unique items section which is for gaming (God's Unchained/Magic the Gathering where each card is owned digitally and can be traded freely with others or used as collateral for a loan), media (You own a movie but can use it on any service), and art (Tokenized art is a big craze right now).
The big ones down the line are new methods of organizing and collaborating. DAOs allow for decentralized corporations and governments. There's a lot of cool stuff here.
There's more but payments are really just a tiny use case of crypto. The big stuff like decentralized applications which might replace Google and Facebook with privacy preserving neutral platforms built for everyone to use.
- Igelau 6y agoExcept you don't need a cryptocurrency to have decentralized applications or neutral platforms.
- xg15 6y ago> The big ones down the line are new methods of organizing and collaborating. DAOs allow for decentralized corporations and governments. Ok, dumb question: How would such a decentralised government keep itself from being overrun by, say, the Russia troll army, or any other actor with enough resources to take over a majority of it?
- Sargos 6y agoIdentity is a huge topic itself with lots of projects doing fundamental research and experiments but essentially if it's a traditional physical government then it would work like it does today where you would use your government secured ID to vote. Not much would change. If it's a digital government then it would probably be using an identity based on built up history of actions and financial settlements and connections to other highly verified accounts. Ethereum has a project called POAP (Proof of Attendance Protocol) which is a way of identifying that a real person attended a specific event or performed some important action. These POAP badges can't be faked and are already being used for things like being able to vote on certain dev polls if you've attended a Devcon.
- xg15 6y ago> If it's a digital government then it would probably be using an identity based on built up history of actions and financial settlements and connections to other highly verified accounts. Not sure if I understand this correctly. You mean, an account will be considered "genuine", if it had a long enough history of activity?
- Sargos 6y agoSort of like a credit score matched with landlords who vouch that you rented from them before. The longer that history the harder it is to fake and also the harder it is to just be the same person with multiple accounts. These systems usually have some component of a social graph where people will interact with and vouch for other people and having more and higher quality connections (more verified, connected to someone you know personally is real) gives you a higher legitimacy rating. It's usually up to the organization to set the minimum bar of how verified someone is to be considered unique.
- xg15 6y ago> neutral platforms Most internet platforms used to be "neutral" - or significantly more so than today. The current discussion in society is about the problems that too much neutrality can cause. However your stance may be on those topics, this very same discussion will extend to decentralised communication networks as well, should they ever go mainstream.