Hacker News new | ask | show | jobs
by davidgerard 3444 days ago
> there are uses of blockchains outside mainstream industries.

I have seen zero actually feasible use cases for blockchain outside cryptocurrencies, and those only have a use case for illicit transactions.

The usual proposal I see put forward for non-cryptocurrency blockchains is a general coordinated database of everything in an industry, so all players can see what's happening.

The problem here is having common data standards at all, which is not a problem that storing it in a blockchain will solve.

The first barrier to common data standards is business models built on obscurantism; the second is that nobody wants to make the body setting the standard into the natural monopoly it will become, which is not a problem that a blockchain will solve.

The solution is for a player to come up with an open royalty-free data standard so naturally compelling that everyone adopts it, and eventually your regulator says "you know what, use this one."

This does not involve a blockchain.