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Finance, Healthcare and Land Registry are the domains I can think of. Blockchain is useful when history of the record is important and there is a possibility of
by _448 4y ago
Finance, Healthcare and Land Registry are the domains I can think of. Blockchain is useful when history of the record is important and there is a possibility of fraud/tampering. So having multiple entities involved in record keeping that is distributed and append-only helps.
If a single entity is using Blockchain then the only usecase I can think of is for audit and, fault-tolerance and high-availability.
- jqpabc123 4y agoaudit and, fault-tolerance and high-availability. All of which can be achieved in a more efficient manner without blockchain. About the only reason I can think of for a single entity to use blockchain is if they wanted the *appearance* of decentralization.
- _448 4y ago> All of which can be achieved in a more efficient manner without blockchain. Agreed, but you never know when people can get on a hype train and use it even when there is no need. > if they wanted the appearance of decentralization. Even that is not required for a single entity. Why would a single entity want to be decentralised?
- jqpabc123 4y agoWhy would a single entity want to be decentralised? Marketing. They might want to *appear* this way to help them sell something.