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Ask HN: What is a real life use case for Blockchain?

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Re: Ask HN: What is a real life use case for Blockchain?

#11
post #8

Finance, Healthcare and Land Registry are the domains I can think of. Blockchain is useful when history of the record is important and there is a possibility of fraud/tampering. So having multiple entities involved in record keeping that is distributed and append-only helps. If a single entity is using Blockchain then the only usecase I can think of is for audit and, fault-tolerance and high-availability.

audit and, fault-tolerance and high-availability. All of which can be achieved in a more efficient manner without blockchain. About the only reason I can think of for a single entity to use blockchain is if they wanted the *appearance* of decentralization.

> All of which can be achieved in a more efficient manner without blockchain.

Agreed, but you never know when people can get on a hype train and use it even when there is no need.

> if they wanted the appearance of decentralization.

Even that is not required for a single entity. Why would a single entity want to be decentralised?

Re: Ask HN: What is a real life use case for Blockchain?

#12
post #11

Earlier quoted context omitted.

audit and, fault-tolerance and high-availability. All of which can be achieved in a more efficient manner without blockchain. About the only reason I can think of for a single entity to use blockchain is if they wanted the *appearance* of decentralization.

> All of which can be achieved in a more efficient manner without blockchain. Agreed, but you never know when people can get on a hype train and use it even when there is no need. > if they wanted the appearance of decentralization. Even that is not required for a single entity. Why would a single entity want to be decentralised?

Why would a single entity want to be decentralised?

Marketing. They might want to *appear* this way to help them sell something.

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