Blockchain for reliable car history: - Garages log maintenace + mileage. - Accidents are logged. - Spare part replacements are logged. - Government logs changes of owners (maybe privacy concern here?). You sell or buy a second hand car? You verify the blockchain history if everything checks out. This is a nice use case since multiple parties come into contact with a car, and so a central entity is hard to create. And…
Ask HN: Are there any substantial examples of blockchain solving a real problem?
141–150 of 192 posts
Re: Ask HN: Are there any substantial examples of blockchain solving a real problem?
#142The obvious and biggest application of this is money. The original Bitcoin use case. Today the banks handle all our monetary transactions and we trust that they don't act maliciously (we also do a lot of auditing/regulation/manual verification, but ultimately that is imperfect so it really boils down to trust). If you want to have a truly trust-less monetary system the only solution I can imagine is blockchain.
Another potential solution I can see for blockchains: Certificate Authorities. Today CAs ultimately roll up to one of a handful of root CAs. In other words, there are a handful of entities that we just implicitly trust. They get audited, regulated, etc, but ultimately we just trust them. If you want to move to a truly trust-less CA model it has to be on blockchain.
There is also a third, kind of cheat answer: automation. You obviously don't need blockchain here, but if you want to automate something and you need to get funding from a VC, or a boss, or anyone else, blockchain is a good buzzword to throw in there to get some extra $$$. This is less true since the crypto crash, but still provides some value.
Re: Ask HN: Are there any substantial examples of blockchain solving a real problem?
#143Earlier quoted context omitted.
I don’t understand what this ‘scarcity’ would mean. And you give no relevant examples.
Scarcity meaning that if person A owns it, person B/C/D etc. cannot, because (in this example) there is only one. Most digital files are infinitely copyable, and there aren't good DRM solutions for managing this conundrum that actually give real ownership rights to the owner... until blockchain. Why is this a problem? Ask a creative content creator. How is blockchain solving this in practice? One example: https://www…
Re: Ask HN: Are there any substantial examples of blockchain solving a real problem?
#144Asking "what is blockchain good for other than cryptocurrencies" is like asking "what is internet good for other than websites" pre-broadband Blockchain TODAY is the backbone for a $200B financial system that lets you store or transfer billions of dollars worth of value within minutes for cents in transaction fees, completely peer-to-peer with no middle men Scalable blockchains will generalize this same benefit to le…
That said there are many examples of blockchain being useful in smaller settings, e.g.: > "Last June, 10 of the world’s largest pharmaceutical companies – including Johnson & Johnson, AstraZeneca and GlaxoSmithKline – announced they would pool data for an AI-based search for new antibiotics, which are urgently needed as antibiotic-resistant bacteria have proliferated across the world, threatening the growth of untrea…
Re: Ask HN: Are there any substantial examples of blockchain solving a real problem?
#1451) Involve coordination between parties who don't trust each other; if they trust each other, a regular database will do fine and be much more efficient.
2) Exist completely within the ledger; once something is in the ledger it's tamper-proof, but bad information can still enter the ledger from the outside world. This is the reason it doesn't serve much purpose for anything physical, like delivery confirmation. If someone wanted to fake a delivery they could just... enter fake information.
That makes for a very narrow set of legitimate use-cases, most of which are crypto-currency, whose status as a "solution to a problem" is dubious at best.
Re: Ask HN: Are there any substantial examples of blockchain solving a real problem?
#146government land ownership records this is being tried already in parts of the world here: the ledger is public, the government is a body made of many independent small entities with not necessarily aligned incentives would help to avoid corruption and maintain a legitimate source of truth
We could do that with git.
If we also added the following conditions: - All agents of the government sign their commits - Whenever a commit is made to a copy of the repository (perhaps all government agents make a commit to a single repository hosted by the government) then there are several independent parties that make copies of this commit, and in addition there exists a mechanism to establish consensus between these copies of the repository when a conflict arises
THEN we might have something that could replace a blockchain.
Conversely, if the government agents all committed to a single repository and nobody bothered with making immediate copies and consensus, then the agent could double spend / rewrite the repository.
Re: Ask HN: Are there any substantial examples of blockchain solving a real problem?
#147Bitcoin solves a real problem: It creates a permanent fix for monetary inflation, which allows people to save money without being taxed on their savings. The rest of "cryptocurrency" is snake oil. Most of it attempts to reintroduce inflation and undermine the fix which Bitcoin introduced. While they may come up with a bunch of reasons for their decision to mint new tokens - the sole purpose of the new inflation is to…
Bitcoin is imho a terrible solution because it’s unstable / volatile and it’s totally a ponzi scheme + piramid scheme. I want my money to be backed up by a government that wants to keep society stable. Sad to see that bc is always so tied to distrust of governments. That way of thinking seems so naive.
Re: Ask HN: Are there any substantial examples of blockchain solving a real problem?
#148Earlier quoted context omitted.
> A well-run, transparent, centralized entity can easily become an opaque and corrupted entity over time. And the opposite can also happen. Humans are good at quickly adapting to circumstances and fixing "bugs" in organizations through firing/hiring, new organizational structures, or other means. That's what markets do. A "perfectly designed" decentralized system may be superior, but I don't believe it's possible to…
> This is similar to the AI question. Are you willing to put your full trust into a system with dynamics not fully understood, or do you put your trust into humans running centralized systems? Tangent, but this is poor phrasing. If posed this way, an astute response would be that we don't fully know how human brains or emergent group behaviour in humans works either (which is why the social sciences are so hard!), so…
> There are some cases where the answer is yes e.g. we trust airplanes built and ratified by experts even if we don't know how airplanes work on the presumption that, at least in the conditions we care about, airplanes have been tested and behave correctly.
A big difference is that airplanes do not interact with humans, and humans have no incentive to exploit airplanes. They are a system that purely interacts with the physical world, or physics, which seems to be simpler to model than human behavior and is not fundamentally adversarial.
With many blockchain networks, e.g. Bitcoin, you are in an adversarial environment - exploiting the network yields huge payoffs. With a fully autonomous AI-based decision making system you can get something similar, depending on where it's applied. For example, tricking recommendation systems to uprank your product, automated trading systems (responsible for flash crashes), impersonalization through voice/face recognition, etc. To be fair though, most AI systems are not deployed in adversarial environments, but blockchains seem to be, since you can almost always profit from exploiting them.
Re: Ask HN: Are there any substantial examples of blockchain solving a real problem?
#149Git comes to mind.
Not blockchain as we all understand it.
I work on tezos smart contracts for tokenized decentralized rewards issuing on baking (mining but delegated proof of stake so efficient and not killing the planet). This however has jackshit to do with blockchain as a datastructure as there is no representation of it within the tezos smart contract language (michelson). This is useful and maybe what you understand as blockchain but I cannot name any specific application that you (going by your blog) will not spin of as being pointless because of some buzzwords because its easier.