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by nettdata 3124 days ago
Then how do you explain the Maersk blockchain-based insurance trial that they found very successful?

Bitcoin is not the only incentive that can be had in implementing blockchain technology.

There are a number of very promising use cases for blockchain, in education, healthcare, energy... none of which involve bitcoin at all.

4 comments

All "block chain" is is a Merkle tree. You can do all sorts of productive, interesting stuff with Merkle trees.

If you want to do interesting things with a trust-less, decentralized system, you need the mining and mining rewards.

There are a few file sharing applications that do interesting things with trust-less, decentralized systems, without any sort of mining or mining rewards.

Mining allows for high value transactions in a low trust environment, but lower value transactions are very possible without that.

IMO Tit for Tat is a much more interesting form of consensus building as it can be very low resource. But it's really all about the goals not the protocol.

It's more of a linked-list of Merkle trees.
Were any of these trials interesting enough to be attacked?
>education, healthcare, energy

I'm not asking for dissertations but could someone briefly explain how any of these problems/industries will be effected by blockchain.

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