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Are there good uses for the blockchain? (self.asklemmy)

submitted 21 hours ago by HurlingDurling to c/asklemmy

57 comments fedilink hide all child comments

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?

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[–] slazer2au 13 points 21 hours ago (7 children)

It's not even good as a bank. On the other thread you mentioned I commented that blockchain is an immutable ledger visible to everyone. That is a nightmare for privacy reasons.

Audit logs is genuinely the only application I see it may be good for, but we have other systems that have a smaller environmental and technical impact making them a better fit than blockchain.

[–] lennybird 5 points 21 hours ago (6 children)

I remember exploring how it could be a way to secure digital Democratic elections. Any thoughts on this?

[–] Draghetta 6 points 20 hours ago (4 children)

Forever immutably recording who voted what, I really can’t see a way for that to go wrong

[–] Voyajer 3 points 18 hours ago

"who" in your sentence doesn't necessarily need to identify an individual depending on implementation.

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