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I have a friend from college who works for a legitimate company that has a legitimate use for blockchain technology where it does actually seem to work pretty w
by packetlost 4y ago
I have a friend from college who works for a legitimate company that has a legitimate use for blockchain technology where it does actually seem to work pretty well. It's not a currency, there's no zero-trust model (instead, it's used for verifying very large datasets that are used by multiple companies/entities). I think there is some legitimate use for this type of tech, but currency is probably not one of them, and they're far more limited in practicality than what would be suggested by all the SV money being thrown into them.
- XorNot 4y agoIf it's not zero trust then why isn't it just a database? As soon as you have a trust model, "blockchain" goes out the window as a good answer.
- packetlost 4y agoWell, it technically meets the zero-trust definition, but it's not a core concern because it's entirely privately controlled by cooperative entities. It seems to be functioning more or less as a distributed verification database (the datasets are massive genetic sequences or something)