• MonkderVierte@lemmy.zip
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    5 months ago
    • Is the picture from Tiktok? > yes
    • Is the platform you’re reposting on vertical too? > no
    • > remove black bars
  • neatchee@lemmy.world
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    5 months ago

    I hate this so much because it’s absolutely false. Nobody needs cryptocurrency. But Blockchain has very real value that has nothing to do with currency, grift, or “proof of work”. Blockchain is NOT synonymous with crypto and the fact that everyone believes it is shows exactly how much damage the grifters have done :(

    EDIT: Haters gonna hate. Hope everyone who down-votes reads the replies too.

    EDIT 2: Here you go, everybody. I did the research for you…

    Supply chain management

    • Food safety: Companies like Walmart and IBM Food Trust use blockchain to track food products from their source to the store shelf. This allows for a swift, precise response to contamination by tracing affected items, potentially saving lives and reducing waste.
    • Logistics and shipping: Shipping giant Maersk has partnered with IBM to create TradeLens, a blockchain platform that digitizes and automates shipping documents and processes. This increases transparency and efficiency across the global supply chain.

    Healthcare and medical records

    • Secure data sharing: Blockchain can create a secure, interoperable system for storing and sharing patient medical records. Patients can use private keys to control who accesses their sensitive data, ensuring privacy while allowing authorized providers to get the information they need.
    • Pharmaceutical tracking: The MediLedger Project uses blockchain to secure the pharmaceutical supply chain, verifying the integrity of drugs and reducing the risk of counterfeit medications.
    • Clinical trial management: Platforms like TrialSite use blockchain to record clinical trial data securely and transparently. This helps maintain the integrity of results, building greater trust among researchers, regulators, and participants.

    Government and public services

    • Land and property records: The government of Georgia has used blockchain to secure land and property records, creating an immutable and transparent public record. This reduces fraud and ensures the integrity of land titles.
    • Voting systems: The mobile voting platform Voatz uses a blockchain-based system to enable secure, transparent mobile voting for eligible service members and travelers abroad. This provides a resilient solution against fraud and data corruption.

    Finance (non-crypto) and banking

    • Efficient transaction processing: Financial institutions like the Singapore Exchange Limited are using blockchain to streamline interbank payments. This reduces manual reconciliation and enables more efficient processing of thousands of transactions.
    • Supply chain finance: TradeIX uses blockchain to provide a transparent platform for supply chain finance, automating processes and streamlining transactions.

    Education

    • Credential verification: Learning Machine uses blockchain for the secure issuance of digital diplomas and credentials. This provides a more trustworthy and efficient method for verifying academic achievements.

    Intellectual property and media

    • Transparent ticketing: Companies like Guts use blockchain to create a transparent ticketing ecosystem that eliminates ticket fraud and the secondary ticket market.

    Energy and utilities

    • Peer-to-peer energy trading: Homeowners with solar panels can use blockchain-based platforms to automatically sell their excess energy to neighbors. Smart meters record the transactions on a blockchain, automating the entire process.
    • zalgotext@sh.itjust.works
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      5 months ago

      I see this kind of comment on pretty much every thread about Blockchain, and yet those commenters aren’t ever able to share a use case where Blockchain solves a problem better than the existing technology. Maybe you have one though?

      • neatchee@lemmy.world
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        5 months ago

        Sure do! Quoting my other reply:

        Immutable ledger for inter-branch bank transaction synchronization.

        This is already in use at multiple financial institutions with significant value. It has increased the speed at which transactions can be verified and distributed across large networks of bank branches so that, for example, when you deposit your money at one bank branch it becomes available elsewhere on the network immediately without waiting for the end-of-day ledger reconciling. Previously, banks had to send just the transaction details and trust that it would be valid during reconciling (the “pending” status).

        Want some more?

        EDIT: Took the liberty of adding a bunch of examples to my original reply 👍

        • Nat (she/they)@lemmy.blahaj.zone
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          4 months ago

          I don’t see how a blockchain is necessary there. Couldn’t they just use transaction databases and simple messaging between banks? Also, what is your definition of blockchain? Just a distributed linked list? Proof of work (the part I don’t understand the need for)?