Useful links to debunk fake blockchain use cases

“Blockchain” has dozens of definitions, it’s basically what people want it to be. That’s why you may read articles about “blockchain” solving almost any issue and transforming every single industry. It’s a logical fallacy as “blockchain” is used by many as a synonym of “software”, and it’s true that software is eating the world.

In reality, blockchains were designed to solve one specific problem: the double spending of digital cash without relying on a central third party. The only innovation of bitcoin in 2009 is that it gets rid of central authorities. All the other functionalities (append only database, linked lists, peer to peer networking, consensus protocols in distributed environments, merkle trees, public/private cryptographic keys, etc.) are 30 year old pieces of technology that can be used in traditional software in centralized environments.

So it’s obvious that all the use cases involving authorities such as voting, provenance and any case involving “somebody” certifying something do not need a blockchain. Same with any case involving real world assets or products, as a blockchain can only manage what’s natively stored in the system. To expand on those arguments and debunk fake blockchain use cases, you may use the following links:

 

Supply chain / Credentialing / Provenance

Supply chain is obviously not a blockchain use case (en Francais ici)

Supply chains and block chains – It’s the transparency stupid

Exposing the Myth of Blockchain: Why the Hype Is Holding You Back

Art certification

How I became Leonardo on the blockchain

 

Health data

Medical records, but on the blockchain — the history of a bad idea

 

Public voting

Blockchain public voting is fully debunked

 

Other use cases (incl. land registry)

You Do Not Need Blockchain: Eight Popular Use Cases And Why They Do Not Work

 

Tokenization of real world assets

Why tokenizing real-world assets on a blockchain is stupid

What is tokenisation really?

The Tokenization Delusion

Cloud Crypto Land

Tagged with:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.