this post was submitted on 07 Sep 2023
-4 points (16.7% liked)
Blockchain Technology
97 readers
1 users here now
This is a place for blockchain and Web3.0 enthusiasts. Here, we focus on exploring the technology and its impact on the world, rather than cryptocurrency trading. Join us to discuss the transformative potential of blockchain and Web3.0!
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So far no one who isn't a finance ghoul has found a use for it
There have been attempts at using the technology for other stuff. Just off the top of my mind: loyalty programs (see Starbucks), logistics as in international shipping, traceability, remittance, etc.
But none of them achieved the widespread adoption that was expected.
I have a feeling a lot of the activity is happening quietly.
All the new Matter IoT stuff uses it with their DCL. So Google, Apple, Amazon, and hundreds of other companies.
My company will be using it as a registration platform for federated services. Kind of like registering for Lemmy but now your account credentials are portable between instances. Posted content is not on the chain so it can still be deleted, but your public key is. All your off-chain content would be signed with your private key as proof of authorization for the account on the chain and other instances will be able to verify the content came from your account when its distributed using your on-chain public key.
It has a great use case for companies that want to build something together on what little trust they have for one another without fully trusting each other.
Thing is, these use cases are not really news worthy. Its just being used as a distributed publish/subscribe component with a trust model built in for multiple companies to operate parts of the system. Our customers won't give a shit, so its not something we announce.
edit: Also worth noting most of these private chains are using a fast BFT consensus and not proof-of-work (mining).