Interesting Applications of the Blockchain
In an earlier post, I discussed why the blockchain is important and you should get familiar with it . More and more articles are starting to pop up, each mentioning some startup or project applying blockchain technology to address an issue . Below are three that caught my eye this week: How One Startup Will Use Blockchain Tech to Disrupt Online Gaming Play, a Chinese/international startup team that plans to disrupt the incumbent online game industry using blockchain tech to remove trust, has recently 'gone public' as a decentralized autonomous company (DAC) on crowdfunding platform DACx.com. In its prospectus, Play claims it offers a third-party verifiable mechanism to ensure true randomness and fairness for gamers by placing the games' logic on a blockchain. This would remove the need for trust in centralized institutions, it says . I like the idea of using the blockchain to verify randomness. Implemented correctly, this approach not only provides untainted rand...