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For compelling use cases of DLTs take a look at Hedera Hashgraph at https://hedera.com https://hedera.com Admittedly Hedera Hashgraph is not strictly a blockch
by babelchips 5y ago
For compelling use cases of DLTs take a look at Hedera Hashgraph at https://hedera.com https://hedera.com
Admittedly Hedera Hashgraph is not strictly a blockchain but is more energy efficient (millions of times less energy use than Bitcoin for example due to not needing to do proof of work and by virtual voting), orders of magnitude faster than traditional blockchains (BTC, ETH etc), and highly secure (true finality within seconds).
Example use cases (EDIT: with links)
* Tokens for carbon credits - https://hedera.com/users/dovu https://hedera.com/users/dovu
* The Coupon Bureau - US Coupon Bureau using tokenised coupons to prevent $billions in coupon fraud - https://hedera.com/users/coupon-bureau https://hedera.com/users/coupon-bureau
* Australian EFTPos POS payments - https://hedera.com/blog/eftpos-pioneers-new-ecommerce-micropayments-solution-using-hedera-hashgraph https://hedera.com/blog/eftpos-pioneers-new-ecommerce-microp...
* NHS vaccine temperature tracking - https://hedera.com/blog/everyware-and-hedera-hashgraph-enabling-cold-chain-monitoring-of-covid-19-vaccine-for-nhs-facilities https://hedera.com/blog/everyware-and-hedera-hashgraph-enabl...
* Ad-tracking fraud prevention - https://hedera.com/users/adsdax https://hedera.com/users/adsdax
The list goes on…
Interestingly no one talks about these use cases and massive potential of DLTs on Hacker news when ever crypto discussions come up. But modern DLTs are there slowly doing their thing.
I think there’s a definite disconnect with poor perceptions of cryptocurrencies and DLTs in general. Mostly based on how things were several years ago compared to where things actually stand now. Plenty of unfounded FUD focusing on shitcoins and not a lot of focus on what’s going on with more professional approaches.
For example there are various criticisms of Hedera Hasgraph online stating that it is closed-source, not decentralised, slow for smart contracts and not open source. All incorrect.
The code is either open source or open review.
More decentralised than most cryptos (transparent governance from multiple organisations on different continents and in different industries). Heading towards full permissionless nodes once the network is stable.
Slow smart contracts do exist for backwards compatibility but far faster smart contracts (scheduled etc) can be created at the native layer.
- popol12 5y agoNice piece of shill, mate
- babelchips 5y agoThe difference between someone making a sensible set of counter-arguments with valid points versus someone who is actually shilling is easily lost on some people.
- freen 5y agoThe list of use cases would be better served, and in most of those cases is already well served, by a single database. Trusted interpersonal relationships are a feature, not a bug.
- babelchips 5y agoTrusted data on a network where you don’t have to trust anyone is THE feature of DLTs.
- ghufran_syed 5y agoSome links would be useful btw, "US Coupon Bureau" is not any kind of US official organization, just another crypto startup. And their own website has their name listed as "The Coupon Bureau". I had to dig a little, but the "NHS vaccine temperature tracking" does at least have a CNBC article about it: https://www.cnbc.com/2021/01/19/uk-hospitals-use-blockchain-to-track-coronavirus-vaccine-temperature.html https://www.cnbc.com/2021/01/19/uk-hospitals-use-blockchain-...
- babelchips 5y agoRegarding The Coupon Bureau - read this: https://www.prweb.com/releases/single_source_vendor_for_universal_digital_coupon_solution_announced_at_the_industry_coupon_conference/prweb16292339.htm https://www.prweb.com/releases/single_source_vendor_for_univ... All the use cases are on https://hedera.com https://hedera.com