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by davidgerard
3444 days ago
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> 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. |
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