Asking "what is blockchain good for other than cryptocurrencies" is like asking "what is internet good for other than websites" pre-broadband
Blockchain TODAY is the backbone for a $200B financial system that lets you store or transfer billions of dollars worth of value within minutes for cents in transaction fees, completely peer-to-peer with no middle men
Scalable blockchains will generalize this same benefit to let developers add crypto into any kind of application (just like we had web-apps, we'll have crypto-apps):
– Instant global p2p payments
– Completely transparent, efficient marketplaces / clearinghouses with no switching costs
– Ability for users to own their own data and assets, removing liability for platform operators but also eliminating lock-in
– Open source, open state, serverless code that runs directly on-chain and thus can be built on with no platform risk (google "blockchain composability")
– Software that can be governed / controlled by the users that have stake in it
Blockchain TODAY is the backbone for a $200B financial system that lets you store or transfer billions of dollars worth of value within minutes for cents in transaction fees, completely peer-to-peer with no middle men
Scalable blockchains will generalize this same benefit to let developers add crypto into any kind of application (just like we had web-apps, we'll have crypto-apps):
– Instant global p2p payments
– Completely transparent, efficient marketplaces / clearinghouses with no switching costs
– Ability for users to own their own data and assets, removing liability for platform operators but also eliminating lock-in
– Open source, open state, serverless code that runs directly on-chain and thus can be built on with no platform risk (google "blockchain composability")
– Software that can be governed / controlled by the users that have stake in it