[2015-03-28] venturebeat.com: 4 ways Blockchain technology will change the world

Bizmark13

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Using the blockchain to store data has already been attempted by Datacoin and it was pretty much a failure. Storj intends to store entries in a blockchain but will host the actual files off-blockchain. This is a smart move and is probably the only feasible method of getting past the blockchain bloating problem which is what killed DTC. Unfortunately, this means that many of the benefits of the blockchain such as infinite redundancy are also lost.

Quote from: LiteCoinGuy on March 28, 2015, 04:52:23 PM

Quote from: unamis76 on March 28, 2015, 01:51:17 PM

This is just the beginning of what services can the blockchain provide for us... The blockchain by itself is as big or bigger than Bitcoin, and the technology will probably prevail longer than the coin

Nice article

no "coin" (value), no secure blockchain.

By "coin", I'm guessing he meant Bitcoin. Both Storj and Ethereum have their own "coin" currencies independent of Bitcoin. I'm not sure about the other two but there are altcoins that have already implemented some sort of voting feature - e.g. BitShares, Qora, and NXT just to name a few.

Kprawn

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I think the most interesting technology would be the "Smart contracts" ....I might be a bit biased, because I hate lawyers. Sad

The elimination of the need for a 3rd party in legal matter like these, would make things easier and cheaper.

Most people do not even know of these features built into the protocol. Grin

pitham1

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I would like to see some real-world application of electronic voting using blockchain. I guess it will happen really soon; the first test case would encourage a lot more people to try it out.

unamis76

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Quote from: LiteCoinGuy on March 28, 2015, 04:52:23 PM

Quote from: unamis76 on March 28, 2015, 01:51:17 PM

This is just the beginning of what services can the blockchain provide for us... The blockchain by itself is as big or bigger than Bitcoin, and the technology will probably prevail longer than the coin

Nice article

no "coin" (value), no secure blockchain.

Exactly, the blockchain needs value. But as I've said, it doesn't exactly need to be a coin. If it's beneficial to the users, the blockchain will always be secured I think

So yeah, the tech will prevail the coin. Probably other coin will replace it! But we don't know yet

LiteCoinGuy

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In Satoshi I Trust

Quote from: unamis76 on March 28, 2015, 01:51:17 PM

This is just the beginning of what services can the blockchain provide for us... The blockchain by itself is as big or bigger than Bitcoin, and the technology will probably prevail longer than the coin

Nice article

no "coin" (value), no secure blockchain.

unamis76

legendary

Activity: 1512

Merit: 1012

This is just the beginning of what services can the blockchain provide for us... The blockchain by itself is as big or bigger than Bitcoin, and the technology will probably prevail longer than the coin

Nice article

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

4 ways Blockchain technology will change the world

While Bitcoin has received the lion’s share of attention since its conception, recently the Blockchain — the distributed public database used to record Bitcoin transactions — has just begun entering the spotlight for enabling some important capabilities outside of Bitcoin.

http://venturebeat.com/2015/03/28/4-ways-blockchain-technology-will-change-the-world/

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