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Colour me surprised. I don't think I have yet heard of an industrial use of bock chain technology that would not be better and more easily solved with a "tradi
by samwillis 4y ago
Colour me surprised.
I don't think I have yet heard of an industrial use of bock chain technology that would not be better and more easily solved with a "traditional" database.
There has been so much talk of using it for supply chain tracking and inventory, but it only gives you more problems to solve. Ultimately you need someone to be the "authority" in business transactions, a platform built on a decentralised block chain would still need that for any of these logistics problems.
Even when you look at crypto currency use of the block chain, the vast majority of transactions are happening off chain on a traditional database via an exchange.
- subradios 4y agoEverything would be better, but nobody would want to build the platform. Supply chain is a cartel industry and the present cartels aren't interested in new entrants.
- qznc 4y agoDNS aka NameCoin is still the best use case in my opinion. Even there, the current centralized "everybody trusts ICANN" works well enough. It would require a situation close to WW3 such that China decides to create their own top-level registrar maybe. Then the EU does a third and then the world splits into chaos. Then NameCoin could arise as a neutral viable alternative. Looks very unlikely to me.