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Are there good uses for the blockchain? (lemmy.world)

submitted 4 days ago by HurlingDurling@lemmy.world to c/asklemmy@lemmy.world

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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?

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[–] slazer2au@lemmy.world 14 points 4 days ago (10 children)

It's not even good as a bank. On the other thread you mentioned I commented that blockchain is an immutable ledger visible to everyone. That is a nightmare for privacy reasons.

Audit logs is genuinely the only application I see it may be good for, but we have other systems that have a smaller environmental and technical impact making them a better fit than blockchain.

[–] lennybird@lemmy.world 5 points 4 days ago (9 children)

I remember exploring how it could be a way to secure digital Democratic elections. Any thoughts on this?

[–] lurklurk@lemmy.world 1 points 3 days ago

It's all the bad idea of regular digital elections, with the additional stupid of being more public, complex and wasteful

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