Ask HN: What applications does blockchain tech have, other than cryptocurrency?

by vijayron 12/15/2017, 2:13 PMwith 13 comments

It seems most of the convo around blockchain is crypto currency. What are some other use cases? Is it as revolutionary as it sounds?

by FabHKon 12/15/2017, 2:47 PM

There is some argument about terminology, whether the notion of blockchain includes the peer-to-peer distribution and consensus mechanism (eg proof-of-work) or not. (In my view, it shouldn't.)

Git uses a somewhat extended version of a blockchain (a directed acyclic graph instead of just a linked list).

I think it's a cool technology, and has many applications where you want an immutable sequence of records. But it's not a panacea, and the current hype is overblown.

by tyingqon 12/15/2017, 10:32 PM

Close to cryptocurrency, but reward points seem like a good use case. That is, something very seamless to move rewards around whether they were earned for a hotel, airline, credit card, etc. Points.com takes a pretty big cut for that (centralized) service today.

Money transfer as well, maybe. I don't know the space well, but it seems like MoneyGram, Western Union, and similar charge a high premium for their services in some cases.

by flignatson 12/18/2017, 5:38 PM

Almost anything that needs validation/integrity.

Luxury handbags? Check the blockchain to confirm it is real.

Need goods transported at a consistent temperature? The blockchain can validate that your shipment did in fact remain (or not) at a certain temperature.

Want to buy a scalped ticket? Scan the QR code and confirm the ticket is usable.

by konarton 12/15/2017, 2:55 PM

Here in Moscow it is now used in Active Citizen program for polling. + Anyone can install a piece of software and monitor polls in real time.

by mtmailon 12/15/2017, 2:22 PM

https://en.wikipedia.org/wiki/Blockchain#Applications lists many use cases: land registry, online voting, crowd sales, supply chain management.

by jettion 12/15/2017, 2:46 PM

Use of clearing for financial markets. You'll be able to verify that party A has the instrument and party B has the currency without needing to go through a separate company.

by muzanion 12/15/2017, 2:23 PM

Ethereum is banking on smart contracts. Contracts that trigger when the conditions are fulfilled and automatically transfer the money.

by alien2003on 12/15/2017, 2:42 PM

Bitmessage. It's email and mailing lists alternative based on block chain

by sharemywinon 12/15/2017, 2:39 PM

proof of digital asset ownership.