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by code_devil
1521 days ago
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Blockchain technology helps you create applications without the need to have a trusted 3rd party. What it solves?: - Sending money from Alice to Bob without the need of a trusted party like Venmo/Paypal/Bank. - Vehicle registration / House title deeds are maintained by the local government. A decentralized application can potentially mint an NFT (ERC-721) and maintain such a DB. (Although, the physical society would need to come with laws to tie up physical good's with NFT's) - In today's Gaming Economy all the digital goods bought/earned are controlled by the company (Zynga/Roblox). A blockchain powered game will allow the owners to have actual control of the digital goods ( money - tokens, wearables - NFT's) bought/purchased that they can sell/exchange in the open market. Imagine buying a souvenir from Disney Land and then not being able to sell/exchange it. |
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