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pixel_of_moral_decay t1_iy5vz6p wrote

Reply to comment by new_account_5009 in BlockFi (JC registered company) Bankrupt by driftingwood2018

There’s lots of applications, mainly that it’s auditable.

And “transaction” doesn’t have to be financial. That can be any interaction of people or systems. Even software licensing.

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Jahooodie t1_iy9c3m7 wrote

One case example I've heard of: Drug APIs or consumer goods input on chain of custody, so in dealing with opaque countries like China there is a publicly acknowledge dispersed ledger resistant to tampering.

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pixel_of_moral_decay t1_iy9zbmm wrote

Yup. There’s a ton of applications for what’s essentially a database with authentication and tamper evidence built in.

Investing in database records with funny names however isn’t one of them.

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