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I advise/consult/build technology for a wide range of industries. (From AEC Firms to Major league sports teams) From my perch, the meaningful proliferation of b

by sllewe 5y ago

I advise/consult/build technology for a wide range of industries. (From AEC Firms to Major league sports teams) From my perch, the meaningful proliferation of blockchain in those industries has been...zero. And that's not to say it hasn't been on the tip of many of their CTO's tongues. Your giant list of of terminology isn't making much of an impact on me. In fact many of those sounds terrible. So giving your post the benefit of the doubt, when can I expect to be disrupted out of a job by even a single item on your list?

exdsq 5y ago
I think the most likely thing you'll see popping up is NFTs as tickets to sports games. That's one of the few NFT use-cases I really love and think makes sense.
- bendavis381 5y ago
  What deficiencies with existing ticketing solutions do NFTs provide?
  - exdsq 5y ago
    The thing I love is the idea of atomic transactions. What does that mean? Well the transfer of a ticket for money could be a single transaction. No ticket without money, no money without ticket. Sure, you could use some tech to do this - maybe rely on Paypals guarantees to get your money or ticket back if the other person is fraudulent. But how do you guarantee the ticket is authentic? Well I can include a verification step in the transaction to only send my money if the ticket is valid with a smart contract. Now you have a peer-to-peer trustless safe method of trading tickets with strangers. The ticket providers can mint x tokens for a release and enable a safe resale market while users can feel safe buying and selling tickets online.
    - dmitriid 5y ago
      > Now you have a peer-to-peer trustless safe method of trading tickets with strangers. No. You don't. because you also have to verify that the person who is selling tickets actually has the right to do so.
      - exdsq 5y ago
        Simple - either metadata or part of the validator
        dmitriid 5y ago
        That is not an answer. What metadata? What validator? Who provides and verifies that metadata? Who provides the validator?
        maccolgan 5y ago
        Are you completely unaware of how the blockchain is validated and the cryptography underlying it?
        dmitriid 5y ago
        I am aware of reality that doesn't care for wishful thinking. See my response here: https://news.ycombinator.com/item?id=29277622 https://news.ycombinator.com/item?id=29277622
        exdsq 5y ago
        Okay going into it more: An NFT can store on-chain metadata. A simple boolean flag would let you mark it as resellable or not. In minting the tickets you can create a validator that checks authenticity but you can check these things yourself: that it originates from the organization for example. The metadata is immutable so if it's come from the organization it's authentic. Because NFTs are tokens are money you can transfer USDC for BackstreetBoysGig#Ticket1021 where O2ArenaTicketVerifier authenticates the ticket as part of the transaction only confirming it if the ticket is resellable and authentic. How does a company know their tickets have been resold, if they don't want that to happen? Well you look at the tx history of the NFT - if it's been traded > 1 time it's been resold. Compare these potential benefits with the existing ticket industry (including resale sites) and you see several benefits. You can remove intermediary companies meaning people pay less in fees and you can avoid ticket fraud. Is this an issue? Yes: https://www.theguardian.com/money/2020/feb/24/touts-who-made-millions-from-reselling-tickets-are-jailed https://www.theguardian.com/money/2020/feb/24/touts-who-made...
  - sintaxi 5y ago
    Trust-less transfer, verification, & sales. The ability to provide additional value after the event. The ability to provide perks to recurring attendees. Means and reason to sell the ticket after the event.
    - dmitriid 5y ago
      > The ability to provide additional value after the event. The ability to provide perks to recurring attendees. Means and reason to sell the ticket after the event. This... This can already be done and is already being done now, without any blockchains. There's literally nothing difficult in doing this.
tuddman 5y ago
As with most technological advances and innovations, people - even laggards of technological adoption - tend to over-estimate in the near term and under-estimate in the long term in terms of predicting the 'impact' of a given technology. So based on nothing at all other than witnessing corporations and industries rise and fall for more than 2 decades now because of new technologies, let's say 7 years before you're out. Fair?
- sllewe 5y ago
  As I look around at a pile of RFPs with companies running some core functionality on Windows Server 2003, RHEL 5, MYSQL 4 etc....I'll take that bet.
  - tuddman 5y ago
    I suspect these companies view upgrading core functionality tech as a cost center to be avoided at all costs and for as long as humanly possible. "If it ain't broke, don't fix it", I hear them bark from their bean-counting management perch. So too were the companies that were content with their horse drawn delivery trucks to move their goods around town. We now have a better, faster, cheaper (by orders of magnitude) way to move not goods but value through a network. Obviously neither of us know how long it'll take for the legacy systems to completely die off, but they will. So I'll simplify the bet to: when, not if. Still game?
hanniabu 5y ago
It'll come. As ethereum's scaling gets past the current growing pains and zkrollups like zkSync become prominent i expect enterprise interest will pick up, especially with initiatives like baseline protocol. Companies can run their own private execution and data availability layer and have full control while not needing to worry about settlement.

by sllewe 5y ago

exdsq 5y ago

I think the most likely thing you'll see popping up is NFTs as tickets to sports games. That's one of the few NFT use-cases I really love and think makes sense.

bendavis381 5y ago
What deficiencies with existing ticketing solutions do NFTs provide?
- exdsq 5y ago
  The thing I love is the idea of atomic transactions. What does that mean? Well the transfer of a ticket for money could be a single transaction. No ticket without money, no money without ticket. Sure, you could use some tech to do this - maybe rely on Paypals guarantees to get your money or ticket back if the other person is fraudulent. But how do you guarantee the ticket is authentic? Well I can include a verification step in the transaction to only send my money if the ticket is valid with a smart contract. Now you have a peer-to-peer trustless safe method of trading tickets with strangers. The ticket providers can mint x tokens for a release and enable a safe resale market while users can feel safe buying and selling tickets online.
  - dmitriid 5y ago
    > Now you have a peer-to-peer trustless safe method of trading tickets with strangers. No. You don't. because you also have to verify that the person who is selling tickets actually has the right to do so.
    - exdsq 5y ago
      Simple - either metadata or part of the validator
      - dmitriid 5y ago
        That is not an answer. What metadata? What validator? Who provides and verifies that metadata? Who provides the validator?
        maccolgan 5y ago
        Are you completely unaware of how the blockchain is validated and the cryptography underlying it?
        dmitriid 5y ago
        I am aware of reality that doesn't care for wishful thinking. See my response here: https://news.ycombinator.com/item?id=29277622 https://news.ycombinator.com/item?id=29277622
        exdsq 5y ago
        Okay going into it more: An NFT can store on-chain metadata. A simple boolean flag would let you mark it as resellable or not. In minting the tickets you can create a validator that checks authenticity but you can check these things yourself: that it originates from the organization for example. The metadata is immutable so if it's come from the organization it's authentic. Because NFTs are tokens are money you can transfer USDC for BackstreetBoysGig#Ticket1021 where O2ArenaTicketVerifier authenticates the ticket as part of the transaction only confirming it if the ticket is resellable and authentic. How does a company know their tickets have been resold, if they don't want that to happen? Well you look at the tx history of the NFT - if it's been traded > 1 time it's been resold. Compare these potential benefits with the existing ticket industry (including resale sites) and you see several benefits. You can remove intermediary companies meaning people pay less in fees and you can avoid ticket fraud. Is this an issue? Yes: https://www.theguardian.com/money/2020/feb/24/touts-who-made-millions-from-reselling-tickets-are-jailed https://www.theguardian.com/money/2020/feb/24/touts-who-made...
- sintaxi 5y ago
  Trust-less transfer, verification, & sales. The ability to provide additional value after the event. The ability to provide perks to recurring attendees. Means and reason to sell the ticket after the event.
  - dmitriid 5y ago
    > The ability to provide additional value after the event. The ability to provide perks to recurring attendees. Means and reason to sell the ticket after the event. This... This can already be done and is already being done now, without any blockchains. There's literally nothing difficult in doing this.

tuddman 5y ago

As with most technological advances and innovations, people - even laggards of technological adoption - tend to over-estimate in the near term and under-estimate in the long term in terms of predicting the 'impact' of a given technology. So based on nothing at all other than witnessing corporations and industries rise and fall for more than 2 decades now because of new technologies, let's say 7 years before you're out. Fair?

sllewe 5y ago
As I look around at a pile of RFPs with companies running some core functionality on Windows Server 2003, RHEL 5, MYSQL 4 etc....I'll take that bet.
- tuddman 5y ago
  I suspect these companies view upgrading core functionality tech as a cost center to be avoided at all costs and for as long as humanly possible. "If it ain't broke, don't fix it", I hear them bark from their bean-counting management perch. So too were the companies that were content with their horse drawn delivery trucks to move their goods around town. We now have a better, faster, cheaper (by orders of magnitude) way to move not goods but value through a network. Obviously neither of us know how long it'll take for the legacy systems to completely die off, but they will. So I'll simplify the bet to: when, not if. Still game?

hanniabu 5y ago

It'll come. As ethereum's scaling gets past the current growing pains and zkrollups like zkSync become prominent i expect enterprise interest will pick up, especially with initiatives like baseline protocol. Companies can run their own private execution and data availability layer and have full control while not needing to worry about settlement.