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?
But is this actually a problem. Does people go around now and need proof that they bought some property?
To me it seems like blockchain is a solution looking for problems that doesn’t really exist.
Title fraud is a real thing
It is a problem. I used a very specific situation, but the need is there. That said, is blockchain the best solution for an ever shrinking planet? That’d be a no.
Yeah, all the time, obviously. That’s literally what a receipt is. If people did not need to prove that they owned things, then receipts, titles and deeds wouldn’t exist.
Palestinians commonly have to defend their home ownership to settlers claiming their land but i doubt blockchain would help even if it was around long enough to record such a thing. American Indians are another obvious case of “but it’s written right here …” where blockchain probably wouldn’t help.