Please don’t auto downvote before reading.
A little bit ago some asked a question about why the hate of the blockchain, and that got me thinking if there even was a legitimate use case where the blockchain would be beneficial, but I couldn’t think of one outside maybe some sort of decentralized bank, but before I knew I was thinking it would instantly turn into some crypto scheme and strapped it, because crypto currencies are a scam on every level – and no they aren’t private or secret as some think either.
So I wanted to ask the community. Instead of using the blockchain for crypto, is there a better use where the blockchain could benefit society?
But is this actually a problem. Does people go around now and need proof that they bought some property?
To me it seems like blockchain is a solution looking for problems that doesn’t really exist.
Title fraud is a real thing
Yeah, all the time, obviously. That’s literally what a receipt is. If people did not need to prove that they owned things, then receipts, titles and deeds wouldn’t exist.
It is a problem. I used a very specific situation, but the need is there. That said, is blockchain the best solution for an ever shrinking planet? That’d be a no.
Palestinians commonly have to defend their home ownership to settlers claiming their land but i doubt blockchain would help even if it was around long enough to record such a thing. American Indians are another obvious case of “but it’s written right here …” where blockchain probably wouldn’t help.