Struggling to see some valid use cases for blockchain, especially within a startup.
Cryptocurrencies have uses, but what about Blockchain and private blockchain especially.
such thing basically everything where you don't want people to falsify things and prove that they can't do it.
That is where to me a blockchain shines. If we would just extract certain parts there is a multitude of other applications.
One use being talked about right now is using blockchain in web 3.0. Allowing systems to communicate more privately and securely without involving tech brokers like google and facebook. A quick read about this...
It’s 2018 — Blockchain is on its way to Become the New Internet
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stuff ;)
Tommy Hodgins
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I think of it kind of like a 'decentralized database', so when I think of systems that require some kind of centralized data storage, but you don't want to have to trust one person to keep it safe, using a blockchain you can still verify that the contents are true without needing to have a central authority.
So what are use cases where you need a database to keep track of things?
Okay, so out of "nearly everything", what are use cases where you don't want to trust just 1 person, and want a decentralized database:
I think people are overvaluing the blockchain technology and idea right now, but I think once all the hype and 'cryptocurrency' madness has passed we'll see pretty mundane, boring uses of blockchains to replace databases in some apps.
Can you imagine if at the moment we invented digital databases, somebody realized you could store anything in a database, including credits/currency/ledger, and the biggest, most-talked about application of databases was "SQLcoin" (just one ledger of imaginary credits and their owners held in one SQL database)? Wouldn't that seem a little silly? It surely wouldn't show you how useful SQL could be for the world....
Now imagine if all you had to do to compete with SQLcoin was create your own database and now you could create a competing SQLitecoin? That's basically what the cryptocurrency scene is doing right now, and all this is a sidetrack from the normal, useful, boring, everyday uses of blockchains from taking hold until all this hype passes.
Who knows, maybe in the future things like social media websites, or online games will be able to make use of blockchains to replace the databases they use now. The most useful applications of the blockchain are probably not being to be very attractive or expensive, just slightly more helpful than what we already have today.