• copacetic@discuss.tchncs.de
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    1 year ago

    I have yet to see anything legal which actually benefits from a blockchain (and isn’t about the blockchain stuff itself, like trading crypto currencies).

    • albert69stein
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      1 year ago

      I’ve been working with a company that uses a very common blockchain to timestamp documents/artwork/data etc.

      It’s a niche use case but it simply couldn’t be done before the existance of blockchains.

      • copacetic@discuss.tchncs.de
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        1 year ago

        Could you elaborate why a blockchain is beneficial here? The use case “timestamp documents/artwork/data” does not call for a blockchain to me.

        • albert69stein
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          1 year ago

          Previously this timestamping was accredited by notaries. This had the problems of cost and the trust in a notary did not translate well internationally.

          Now it is almost free to do and the cost of manipulating a blockchain (if possible at all) far outweighs the potential gain from malice.