Please don’t auto downvote before reading.

A little bit ago some asked a question about why the hate of the blockchain, and that got me thinking if there even was a legitimate use case where the blockchain would be beneficial, but I couldn’t think of one outside maybe some sort of decentralized bank, but before I knew I was thinking it would instantly turn into some crypto scheme and strapped it, because crypto currencies are a scam on every level – and no they aren’t private or secret as some think either.

So I wanted to ask the community. Instead of using the blockchain for crypto, is there a better use where the blockchain could benefit society?

  • will_a113@lemmy.ml
    link
    fedilink
    English
    arrow-up
    1
    ·
    3 days ago

    It’s a reasonable technology choice for whenever you need to have a ledger that is shared between multiple parties. Blockchain gives you an immutable (un-editable) history of transactions, including who made it, what it was, and where/when it happened, and gives all of the parties who are allowed to edit the ledger a way to trust in the outcome, even if the parties don’t trust each other.