Re:I Looked into 34 Top Real-World Blockchain Projects So Yo...
by im_down_w_otp on Saturday July 30, 2022 @10:00PM
(#32292454)
I mean... it's a ledger with an incremental attestation mechanism. It's a subset of a Merkle Tree. That's about it. There are some deeply technocratic applications for such a thing, such as: slightly better chain-of-custody tracking, identifying regions of large datasets that have been modified, etc.
The idea was patented in 1979.
That's how old it actually is, and it's found its way into numerous useful things. However, exactly zero of them have been as revolutionary or transformative as say the automobile or the internet and are about a million more orders of magnitude short of all the promises made by people using it as a means to burn electricity to sustain a marketplace addicted to financialization instead of actual productivity.
Disclaimer: has dealt with Merkle Trees and cryptographic assurance in distributed database, global payments (root of trust & settlement), and safety-critical systems use cases.
The idea was patented in 1979.
That's how old it actually is, and it's found its way into numerous useful things. However, exactly zero of them have been as revolutionary or transformative as say the automobile or the internet and are about a million more orders of magnitude short of all the promises made by people using it as a means to burn electricity to sustain a marketplace addicted to financialization instead of actual productivity.
Disclaimer: has dealt with Merkle Trees and cryptographic assurance in distributed database, global payments (root of trust & settlement), and safety-critical systems use cases.