I think the only project I’ve seen so far where I’ve felt that a blockchain has actually been the correct choice is Alfis, which is a decentralized DNS that uses the blockchain as the public append-only ledger that it is, and it uses proof-of-work to add arbitrary costs to updates - to make spamming or namesquatting expensive.
I think the only project I’ve seen so far where I’ve felt that a blockchain has actually been the correct choice is Alfis, which is a decentralized DNS that uses the blockchain as the public append-only ledger that it is, and it uses proof-of-work to add arbitrary costs to updates - to make spamming or namesquatting expensive.
Amazon has a database project called QLDB that uses blockchain for its audit log.
What do you call an audit log that’s cryptographically verifiable? A blockchain.
So why not do the same with a bank ledger?
Https://web3isgoinggreat.com
Here is why
Web3 is more about smart contracts and alt coins, you didn’t address my point
Banks should.
But there is too much technological debt to implement.