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by noddy1
3179 days ago
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Im a "blockchain-for-x" skeptic, but I disagree with this article. A timestamped, immutable blockchain would be useful for reviewing credentials from 3rd world countries where qualifications/experience/government certification are all able to be bought. It wouldn't solve fraud, but it would make it a lot harder to suddenly decide to fake a whole lot of credentials, and would make it more obvious that a particular organization is corrupt and therefore would incentivize not being corrupt. The central question for whether blockchains are indicated for a particular use case continues to be "does this require immutability, regulation resistance, or cooperation across various regimes that don't trust each other". An example of useful blockchain identity would be in refugee verification/processing:
- people in 3rd world countries scan a fingerprint and hash an encrypted version on the blockchain when young
- annually update information about themselves onto the blockchain including info about families
- 10 years down the line they have an excellent record of who they are, who their family is, what their situation is, and they become far more credible when it comes to identity verification that relying on documentation from a long-toppled government |
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If you truly want the timestamps to "lock in" the time of a transaction without trusting either party, a hash-commitment could be used, akin to https://opentimestamps.org/.