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by colept 3253 days ago
The blockchain really only solves one problem:

How to trust a single entity by using a magnitude of peers to establish an agreement. In the case of Bitcoin it's a monetary transaction.

One example would be file digesting. When you consider malware: if files were signed and digested on ablockchain we would have better oversight of the authenticity of a download. A file could be confirmed against the blockchain to detect if it matches the certification. Since the source alone cannot be trusted, the confirmation of many adds that layer of trust.

Anything beyond the issue of trust is not suitable for a blockchain as there are more efficient technologies.

1 comments

i smell an ICO