I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To • Hacker News Board

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#11

Post by bo1024 » Sat, Jul 30, 2022, 11:56 PM UTC

orzig wrote: post #3

> TL;DR: The top #1 Google result for “blockchain production users” (and related queries) lists 34 individual “real world blockchain” projects. One would expect some actual functioning projects that have an impact on every-day consumers — outside of cryptocurrency & NFTs. Looking into all 34, I found that 13 are already dead (including one that has been killed by the SEC), 6 are only useful within the crypto & NFT ec…

If you want to find interesting blockchain projects (not necessarily impactful, but interesting), I would spend some time clicking around https://gitcoin.co/

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#12

Post by api » Sat, Jul 30, 2022, 11:56 PM UTC

tmpz22 wrote: post #6

You know how “the brightest minds of our generation spent the last decade on ads”? I’m just glad they clearly stuck with ads and let all these scam projects rot.

We’re out hiring right now and it’s shocking how many people have a career filled totally with dodgy cryptocurrency nonsense. Loads of designers and developers have most of their experience in platforms that seem to have no utility beyond scams, gambling, and MLMs.

There certainly is a massive amount of wasted talent here.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#13

Post by glerk » Sat, Jul 30, 2022, 11:56 PM UTC

> Algorand, Gemini & Circle: Crypto only

> Not real-world projects. As discussed in the introduction, I am only discussing projects that have real-world effects outside of cryptocurrency balances. Gemini, Circle as exchanges, and Algorand as a Blockchain implementation, don’t qualify here – they don’t actually add real-world utility other than moving tokens around.

Interesting take. These are very different "projects", but I don't see why they don't qualify as "having real-world effects".

Gemini and Circle are corporations that provide stablecoins backed by USD reserves (gUSD and USDC). The tokens these companies have created can be moved around on various blockchains without an intermediary and used to pay for goods and services.

Algorand is a blockchain protocol that can be used to build decentralized applications (similar to Ethereum). There are many "real-world" projects built on Algorand, for example lofty.ai (tokenized real-estate investing).

I don't see how the author defines "real-world utility" and why Algorand, Gemini and Circle wouldn't qualify. It seems like the author is trying to cherry-pick a few failed blockchain projects in an attempt to smear the whole industry.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#14

Post by hash872 » Sat, Jul 30, 2022, 11:57 PM UTC

I have an extremely low opinion of blockchain/crypto, but in the interest of fairness, I did read an FT piece a few months ago about how banks are apparently actually using the blockchain for currency trading:

"HSBC and Wells Fargo are cutting out a key part of the currency market’s infrastructure from some trades after the two banks agreed to settle transactions directly on blockchain technology.

From Monday, they will use blockchain technology to reconcile and pay out on deals in dollars, sterling, euro and Canadian dollars between the two banks, using HSBC’s FX Everywhere platform. The agreement means they will bypass CLS, the nearly two-decades-old utility that central banks urge market participants to use to neutralise the risk of certain trade failures"

https://www.ft.com/content/1a4dcaf5-2b4b-4f0b-8c58-a8fa173f2... https://archive.ph/qs8Cg non-paywalled link

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#15

Post by m00dy » Sat, Jul 30, 2022, 11:57 PM UTC

AMMs work pretty ok on chains. The list is subjective.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#16

Post by thematrixturtle » Sun, Jul 31, 2022, 12:00 AM UTC

glerk wrote: post #13

> Algorand, Gemini & Circle: Crypto only > Not real-world projects. As discussed in the introduction, I am only discussing projects that have real-world effects outside of cryptocurrency balances. Gemini, Circle as exchanges, and Algorand as a Blockchain implementation, don’t qualify here – they don’t actually add real-world utility other than moving tokens around. Interesting take. These are very different "projects…

Would you be so kind as to cherry-pick a few successful "real world" Blockchain projects then?

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#17

Post by rvz » Sun, Jul 31, 2022, 12:01 AM UTC

> Money transfer use-cases would fall directly in the category of “crypto-only”. For as long as Bitcoin has existed, this has been touted as a great use-case — but it never really materialised.

So Stellar and MoneyGram are not 'Money Transfer Use Cases'? [0] If not, why did they partner on this in the first place if they didn't think this was a possible or a feasible use case?

On NFTs, Blockchain domains like ENS (Ethereum Name Service [1], Handshake [2], etc) are the only valid NFTs that have a use case. Seem to work fine for Namecheap [3], Encirca [4], etc, with millions of these domains registered so far. Once again, 90% of all NFTs, including the JPEG ones will die with the remaining 10% still surviving including blockchain domains.

But yes as always, the extreme anti-crypto boosters like ghuntley will do anything to boost the most ridiculous of posts. Including this one.

Oh dear.

[0] https://www.prnewswire.com/news-releases/moneygram-launches-...

[1] https://ens.domains

[2] https://handshake.org

[3] https://www.namecheap.com/domains/handshake-domains/

[4] https://www.encirca.com/

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#18

Post by Animats » Sun, Jul 31, 2022, 12:02 AM UTC

Even 3D TV got further. You could actually buy 3D TVs for a while. There were, briefly, a few shows you could actually watch.

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#19

Post by influxmoment » Sun, Jul 31, 2022, 12:02 AM UTC

notRobot wrote: post #8

Extremely relevant simple chart: NIST's answer to "Do you need a blockchain?" : https://m.imgur.com/a/RlUj9Ed

This is wrong. Blockchains validate data. Their purpose isn't to store it. Mostly the answer to do you need a blockchain is no

Re: I Looked into 34 Top Real-World Blockchain Projects So You Don’t Have To

#20

Post by hestefisk » Sun, Jul 31, 2022, 12:02 AM UTC

I’m surprised there’s no mention of R3/Corda. There’s a lot of good real-world application of blockchain in their portfolio, which us effectively a consortium of banks working together. Documentary trade finance is where blockchain finds decent uses.