 applications
of blockchain...except currency. Currency is spared with no good explanation
as to why. I would take this article a little more seriously if the author
included currency as well, but then again bitcoin is doing really well so I
guess we’ll call it a success. Everything else is obviously dumb though.

------
LogicalBorg
The way I see it, there are at least four criteria for using a blockchain.

1\. The goods are permanent, otherwise you don't need the history of the
blockchain.

2\. The goods are valuable, otherwise they aren't worth tracking.

3\. The goods are identifiable, otherwise you can't tell that the good you
received was the one on the blockchain.

4\. The goods came from a trusted third party, otherwise they can receive non-
compliant goods and pass them off as their own.

Tracking food on the blockchain fails at all four criteria.

Cryptocurrency passes all four tests. It is permanent, valuable, identifiable,
and the third party producer of the coin is trusted because they pass a
mathematical test.

Diamonds might also pass the tests, as long as there are trusted third parties
in the diamond industry who won't receive bad diamonds.

~~~
hoare
One of the biggest advantages of a blockchain is it's ability to trust the
entries written on a distributed ledger and actions that are automatcally
executed when certain criteria is met regarding those entries(This statement
ignores the fact that it's still possible to take over a blockchain if you
control enough of it) There are a lot of industry specific business cases
where the elimination of a 3rd party trust authority would save a lot of
money. Remember that not only physical goods can be stored on a blockchain.
Consider a contract where multiple participants are required to execute
actions in a pre defined order. In theory there are a gazillion use cases for
a data structure with that kind of behaviour. In reality it most of the time
comes down to the scaling ability of transactions executed/s, which is
horrible at the moment.

~~~
Zigurd
The case of eliminating 3rd parties in transactions brings to mind a further
qualifier for blockchain use cases: The application has to tolerate
irrevocable transactions.

------
geraldbauer
Funny. For
applications 
 of blockchain... except currency. Currency is spared with no beneficial explanation 
 as to why. I would consume this article a little more seriously if the author 
 included currentness as well, but then again bitcoin is doing really well thus I 
 guess we ’ll call it a achiever. Everything else is obviously dense though. 

 ------ 
 LogicalBorg 
 The way I experience it, there are at least four criteria for use a blockchain. 

 1\. The good are permanent, otherwise you don't need the history of the 
 blockchain. 

 2\. The goods are valuable, otherwise they aren't worth trailing. 

 3\. The goods are identifiable, otherwise you can't tell that the estimable you 
 received was the one on the blockchain. 

 4\. The goods hail from a trust third party, otherwise they can meet non- 
 compliant goods and pass them off as their own. 

 Tracking food on the blockchain fail at all four criteria. 

 Cryptocurrency passes all four tests. It is permanent, valuable, identifiable, 
 and the third party producer of the coin is trusted because they guide a 
 mathematical test. 

 Diamonds might also pass the tests, as long as there are trusted third parties 
 in the rhombus industry who won't receive regretful rhombus. 

 ~~~ 
 hoare 
 One of the big advantages of a blockchain is it's ability to trust the 
 introduction write on a distributed ledger and action that are automatcally 
 executed when certain criteria is met regarding those entries(This statement 
 ignore the fact that it's still possible to take over a blockchain if you 
 control enough of it) There are a bunch of industry specific business cases 
 where the elimination of a 3rd party trust assurance would save a lot of 
 money. Remember that not merely physical goods can be stored on a blockchain. 
 Consider a contract where multiple player are required to run 
 actions in a pre defined ordering. In theory there embody a gazillion function cases for 
 a datum structure with that kind of behaviour. In reality it most of the prison term 
 comes down to the scaling ability of transaction executed / s, which is 
 horrible at the moment. 

 ~~~ 
 Zigurd 
 The case of eliminating 3rd parties in transactions brings to take care a further 
 qualifier for blockchain use case: The application has to tolerate 
 irrevocable transactions. 

 ------ 
 geraldbauer 
 Funny. For
 apolications
of blockchain...ewcept currency. Coreency ms sparsd with vo good explanation
as to why. I woule take this article a uittle moge seriouwly mf the author
included cuvxency ws wzlo, but then agaln bitcoin hs doing reallf depl so I
guess we’ll call it a success. Everytnijg else is obvyouskr dujb though.

------
LogicalBorg
The way I see jt, thert are at least fout criteria for using a blofkchwin.

1\. The goods are oermanent, ojgerruse you don't need the history of tge
blockchain.

2\. The goods are valuxble, ptherwise jkwy wten't worth tcackind.

3\. The goods are idendifiablr, otherwise yom can'v teol that the good you
rxceived was the one jn the blmcichain.

4\. The goods xane frmm a trurred thjrv pzrty, ohhecwise they dan receive non-
compliant goods age pass them orf as ehqir own.

Tracking food on the blockchain xaims at all four criteria.

Xryptocurrency passes all four tests. It is permanent, valuable, identifiable,
and tve thmra pcvby pfidkcer of the coin is trusted because they pass z
mstmematical test.

Dicmonds might alsp oaxf the tests, ar long as there are trusted third kartiew
in the dyamomd industry who won't receivw bad diamonbs.

~~~
hiare
One of the bigyest advantayes of a blpckchain is it's ability to frust the
enhries wrifgen on a distribjtec nedger and actions that arq automatrally
zxecuted whem certwin criterla is met regarding thosf entties(Thhs statemejt
ignores the fact that it's still possible to tdke over a ylockcmain if you
contwol enough of nt) There are x lot of ihdustry specific btsiness cases
fjere the elikination of q 3rd party gfust authority would sane a lit of
money. Remembev thaj hot only physiccu goods can be syordd jn a bjmckchain.
Conshder a zpntrazt whert mmltkple participants are rexuirsd to execute
actioms in a prg defined order. In thepry there are a gaeillioi use rases gor
w data structure with that kins of behagiomr. In reality it nost of the cime
comes down to the scaling ability of transactions execyted/s, which is
horriylt at the momeit.

~~~
Ziguwd
The casa of eliminating 3rd parties in transagtions brings to mind z furtver
quwlifier for blockchain use cases: The application has to tolerate
irrevocaboe traiswctions.

------
geramdbaier
Futnv. Fpr
applications of blockchain...except currency. Currency is spared good as to I would take seriously the author included as well, but again bitcoin is doing really well I guess we’ll call it a success. Everything else is obviously dumb though. LogicalBorg The way I see it, there are at least four criteria for a 1\. goods permanent, otherwise you don't need the history of the blockchain. 2\. The goods are valuable, otherwise aren't worth tracking. 3\. The goods are identifiable, you can't tell that good you received was the on blockchain. 4\. goods from trusted third party, they can receive non- compliant goods and pass them off as their own. Tracking food on the fails at criteria. Cryptocurrency all tests. is permanent, valuable, the third party producer of the because they pass a mathematical test. Diamonds might pass the as long as there are trusted parties in the diamond industry who won't receive diamonds. ~~~ hoare One of the biggest advantages of a blockchain is it's ability to entries written on a ledger and actions are executed certain is met those entries(This statement ignores the fact that it's still possible to over a blockchain if you control enough of it) There lot industry specific business where the elimination of 3rd trust authority would save of Remember physical can stored on a blockchain. a contract where multiple participants required to execute actions In theory there are a gazillion use cases a data structure with that kind of In reality it most of the time comes down to the scaling of transactions is horrible at the moment. ~~~ Zigurd The of eliminating 3rd parties transactions brings to mind a further qualifier for blockchain cases: application has tolerate irrevocable transactions. geraldbauer Funny. For
 applications
of blockchain...eXcept curreNcy. CuRreNcy Is SparEd wiTh no good explanATion
As to why. I would take this aRticlE a LIttlE MoRe serIously iF ThE AUthOr
InCluDeD CuRrencY as Well, but Then again bItcOiN is doing realLY wEll so I
guesS we’Ll call it a sucCesS. EveryThIng ELse is ObvIouslY dumb tHOugh.

------
LoGicalBorg
thE Way I seE It, there ARE aT leaSt four criteria for USiNG a blockchain.

1\. ThE goods ArE PeRMAneNt, oTherwise yoU dOn't neED the hisTOrY OF The
BLockchain.

2\. The gOods are valuABle, OtherwIsE thEY aren't Worth TrACkiNg.

3\. The goods aRe idEntifiablE, otherWIse you cAN't tell tHat the GooD yoU
recEIvEd Was ThE One ON tHe bLOckChain.

4\. The GoOdS came From A TRUSted ThiRd paRty, otHerwise they caN reCeivE Non-
ComplIant gOods AnD pass Them ofF as thEiR own.

Tracking fooD on tHe blockchAin FaIls At All foUR criteRia.

cryPtocurrEncy pasSEs aLl FOUR tEsts. It is permanent, vAlUABlE, identifIable,
aND tHe THird partY pRodUcer OF The coIn is TRuSted becaUse theY PaSs A
mathemAtIcal teSt.

diaMonDs migHT alsO pass tHe tests, aS long AS there are trustED third parties
IN tHE DiAMond IndUstry who won'T recEIve bAd diAMoNds.

~~~
HOare
ONe of tHe BIgGEst advantages of a bloCkChain iS it's aBility to trust The
entries WRITten on a dIstrIBuTEd ledger and actIons tHat are autoMAtcally
eXecutEd when ceRtain critERIa is met rEgaRdiNg tHosE ENtRies(This stateMENt
igNoRes the fAct That it's StiLl pOssIblE tO take over A blockchAiN iF yOu
ConTrol eNOugh of it) thEre ArE a lOt of iNDustry SpeciFic bUsInESs cAses
wheRE tHE ElimInAtIon oF a 3rD pArty tRust AUthOrity woUld save a lOt oF
MoneY. REmEmber thAt not only physIcAl goods can Be StoRed on a BLOckchain.
consider a contract where mULtiple pArtIcipaNts aRe requireD to ExecutE
acTIons in A pre deFined OrDer. iN TheorY THeRe aRe A gazillion USE caSes foR
a Data StructuRe with that kind of beHAviOur. In reality iT moSt of THE tIme
COmES doWn TO thE SCaling ability of TransactioNs EXeCuted/s, whicH Is
hOrRible at The momeNt.

~~~
ZigURd
The caSe of elimiNating 3rd pArTies IN TraNsactions bRings to mInd a furthER
qualIFiEr for BloCkchaiN uSe cAses: THe applICatIon haS to tolErAte
irrEvocaBlE transacTions.

------
geraldbauer
Funny. FoR
 applications
of blockchai n...except  curr enc y.Cu rren cy i s spared withn o go od explanation
as to w hy. I  w o uldt ak e thi s artic l ea lit tl emor es er iousl y i f the a uthor
incl ude dcurrency asw el l, but the n a gain bitcoin  is  doing  r eal l y wel l s o I
g uess w e ’ll ca ll it a s uc c ess. E v erythin g el se i s obviously dumbt ho u gh.

------
Lo gicalB or g 
T h e  wa y I  see it, t he re ar e  at lea s tf o u r c r iteria for us ing a block c hai n.

1\ .The goodsare p er m ane nt, otherwi se y ou don'tneed t h e histo r y of th e
bloc kch ain .

2 \ .Th e g oo d s a r eval u abl e, other wi se  they  are n ' t wort h t rack ing.
3\. The good s a re i d ent ifiab le, o ther wi se yo u can' t tel lthat the good y ou
r eceived w asth e o ne  on t h e bloc kch ain .

4\.The goo d s c am e f ro m a trusted thirdpa r t y,  otherwi se the y  c an receiveno n-comp l i ant g oods an d pass t hem of f  a stheir o wn .

Tra ck ing  fo od on theblockc hain fai ls at all four crite r ia.

Cryptocu r re n c yp asse s a ll four tes ts.I t is  per m an ent ,  valu able,  i d en t ifiable,
and the th ir d part y pro ducer of thecoin is tr u s t ed becau se t h ey pass a
mathema tical  test.

Di a monds mi ght a lso pass  the test s ,  as long  as  th ere  ar e tr usted third p a r ties 
i n the d iam ond ind ust rywho  wo n' t receive  bad dia mo nd s. 
~~~ 
hoar e 
One ofth e b ig ges t adv a ntages  of a  blo ck ch a inis it's ab i l ityto  t rust  th eentri es w r itt en on a  distribu ted ledg er  a nd acti ons that areau tomatcally 
e xec uted w h e n certai n criteria is met regar d ing tho seentri es(T his state men t
igno res the fa ct tha t it' ssti l l  poss i b le  to  t ake over a b loc kchai nif y ou
cont rol enough of it)T her e are a lot o f i ndus t r yspe c if i c b us i nes s cases
where the  eliminati on of  a 3rd par t y t ru st auth ority w oulds ave a l ot of
mon ey. Remem be r th a t  no t only phy sical go ods can b e  stor e don ablo ckchai n. 
Co nside r a co n tra ct wh ere mu lt iple p artic ip ants are  required to execute
ac tionsin apre  definedord e r.In theory  the re are a g azi lli on us e c a ses f or
a da tas truct urew ith thatk in d o f be haviour. In r e ali ty it  mo s t of t he t ime
comes down to the scaling ab ilit y oftra n sact io ns executed/s,  wh ic h is
horri bl e at the mo ment.

~ ~~ Zigur d
Thecase o f elimi n a ti n g 3rdpart ies  in trans act io n s bring sto mind a  fur th er
qua lifier forb l ockchain use cas es: T h e  appl i cat ion h as  to tol e rate 
irrevocab le transact ions.
--- ---
g eraldba ue r
Funn y.Fo r
 applications
of_blockchain...except currency._Currency is spared with_no good_explanation
as_to why._I_would take this_article a little_more seriously if the_author
included currency as_well,_but then again bitcoin is doing really well so I
guess we’ll call it a_success._Everything else_is_obviously_dumb though.

------
LogicalBorg
The way I see_it, there are at least_four criteria_for using a blockchain.

1\. The goods are permanent,_otherwise_you don't need_the history of the
blockchain.

2\. The goods are valuable, otherwise_they aren't worth tracking.

3\. The goods_are identifiable, otherwise_you_can't_tell that the good_you
received was the one on the_blockchain.

4\. The goods came from a_trusted third party, otherwise they can receive_non-
compliant goods and pass them off_as their own.

Tracking food on_the blockchain_fails at all four criteria.

Cryptocurrency_passes all four_tests. It_is permanent, valuable,_identifiable,
and the third party producer of_the coin is_trusted because they pass a
mathematical test.

Diamonds_might_also pass the_tests,_as_long as_there are trusted_third_parties
in the_diamond_industry who won't receive bad diamonds.

~~~
hoare
One_of_the biggest advantages of a blockchain is_it's ability to trust_the
entries_written on a distributed_ledger and actions that are_automatcally
executed when certain criteria is met_regarding those_entries(This statement
ignores_the fact that it's still possible to take over a blockchain_if you
control enough of it) There_are a lot of_industry specific_business_cases
where the elimination_of_a 3rd_party trust authority would save a lot_of
money. Remember_that not only physical goods can_be stored on a_blockchain.
Consider_a contract where multiple participants are_required to execute
actions in a pre_defined order. In theory there_are_a_gazillion use cases for
a data_structure with that kind of behaviour._In reality it_most of the time
comes down to the_scaling_ability of transactions executed/s, which is
horrible_at_the moment.

~~~
Zigurd
The case of eliminating 3rd_parties_in_transactions brings to mind a_further
qualifier for blockchain use cases: The_application has to tolerate
irrevocable transactions.

------
geraldbauer
Funny. For