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Blockchain tech needs a ‘ChatGPT moment’ to scale enterprise adoption | TechCrunch (techcrunch.com)

submitted 1 year ago by automaton to c/blockchain

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“I don’t think enterprise blockchain has seen a ChatGPT moment. Everyone talked about AI for so many years, but it became really popular with ChatGPT.” “ChatGPT is a great example,” Liu said. “AI went through four, five or six phases before that moment. . . . It’s a great example of the patience necessary before [an event of that scale happens] in the blockchain consumer enterprise world.”

What is going to be blockchain technology's ChatGPT?

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[–] theywilleatthestars 4 points 1 year ago (1 children)

So far no one who isn't a finance ghoul has found a use for it

[–] automaton 1 points 1 year ago (1 children)

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.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

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).