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by ehnto 1631 days ago
> but the applications into other areas are, quite honestly, limited only by the imagination of those who develop the technology further.

Could you offer some examples? I keep seeing this as some kind of new frontier of functionality and yet not a single answer to anyone asking for useful applications built on blockchains that aren't currency.

1 comments

Not just currency but pretty much all financial services. I have blockchain based assets and have used an Ethereum based service to borrow against them to help buy a house. Tokens are an almost unimaginably large and general concept and will be applied to many things (real work assets, stocks, loyalty programs, etc.) and provide much more flexibility for how they are used, distributed and exchanged. DAOs are organizational structures that are built, generally, off of token based membership. This is also a huge landscape for social coordination.

A lot of this is just new, though. So explaining like this can only go so far and ultimately it must be experienced, like the original web in the 90s.