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Blockchain: the wave of the future
(lemmy.world)
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this post was submitted on 02 Feb 2024
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Crypto =/= blockchain.
If you can't see the utility of blockchain with regards to things like actual, verifiable digital ownership, then I don't know what to tell you.
I want to see what you mean in practical terms, because the only other example that I know besides questionable crypto currencies is NFTs and that was an epic lesson on what not to do. ๐
No, NFTs do have good uses, but things like image NFTs are just a misappropriation, like SPAM is to email.
One use case, is clear, independently verifiable ownership of non-tangible things, like Intellectual Property rights. Movie rights for a book adaptation for instance moving between companies in IP sales and mergers/acquisitions.
IP rights is not a problem that needs solving. In fact, the existing legal system has ways of punishing copyright violations whereas the Blockchain does not.
Supply chain validation is also an example of the block chain "in action". But the people that are entering the data on the Blockchain are the same people that were typing it in an email yesterday.
I used to be a fan of the technology as well but so far it hasn't show itself to be useful. A solution in search of a problem.