We’ve all heard about Blockchains but how can they be used in the real world? How can we apply them? What problems can they solve?
Well, in this video I’ll give you 9 examples of use cases. Let’s go!
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Structure of blockchain
A block consists of 3 parts
1. Header : It has version information, nonce, previous block id and timestamp
2. Merkle : It is a hash built from the block's transaction identifiers
3. List of records : It is an identification of hashes that were included into the block's Merkle tree
Thanks
NFT Games.
i want a brief video on block chain mapping with example of any product .humble request
My issue with blockchain is that it's a highly inefficient technology searching for a solution. Literally all of those examples can/are handled better already.
Not to take away from your stellar videos, for which I am grateful, however reducing some reverb in your voice and/or using more sound dampening techniques would give your voice more direct power, hence greater effect. ? Please don't hear what I'm not saying. Your videos are awesome and some of the most helpful. Just giving some perspective on the impact of audio as someone with a background in this area to help you impact more people. Blessings ?
Hey on the application regarding tracking food, I don't understand why you need to use blockchain , all it needs is constantly tracking it – it doesn't require publicly broadcasting the data. So why do you require blockchain? Please correct me if I'm wrong.
Quick question: for the examples (such as the food example) in the beginning – when smart contracts haven't had been mentioned yet in the video – wouldn't we also have to create smart contracts? In the case of the food example: each piece of food e.g. a steak when created is identified via smart contracts on the blockchain. Thanks a lot in advance!
0:47 Cryptocurrencies
1:09 Odometer fraud
2:06 Notary
2:36 Digital voting
3:54 Tracking products for food safety
4:45 Tracking parcels
5:18 Smart contracts
5:43 Smart contracts to store private data
6:09 Smart contracts for money distribution
Yeah, let's all hook our cars up to some "super secure" blockchain run by the government, no thanks!
Sad for not being able to press LIKE more than once!
From my heart, Thanks
where are these blockchains usually used ?
great video, so far before its time
reminds me of vechain which is very close to real market usage
Oh my! This technology needs to be incorporated with Statistics. Why? After learning it, I understood that you can pretty much make a statistic say what you want it to say by the collection of data or the presentation of such said data.
p2p without a junction… 'to be or not to be' of digital world
thank you
Hardly any of these examples require a blockchain to work
great video.
3:00 the significance of this rings totally different after 2020…
Still, doubters would still find a way to doubt, I'm sure.
Another great use for the blockchain going forward, would be for fact-checking.
Imagine having it all securely validated… it would be a great solution to derail the spread of misinformation, that become practically viral (more so than the actual covid virus) after the way social media platforms made it so easy to spread.
Thank you! Really helpful! Subscribed!
the more i look at crypto related videos the more i confused.
Electronic voting is a bad idea with or without block chan.
Thank you for this video. It is very informative!
The better century metrically lie because disgust intracellularly bathe upon a absurd division. inconclusive, fresh laura
Don't tell the christians about this lol
Im confused about how smart contracts allow musicians to get paid based on the amount of listeners the get, I thought thats what spotify does already? How is that different?
Good introductory material helps to learn how to explain BC applications to others in 5 minutes. Thank you!
linked list applications
YES, BUT WITH NOT SO HIGH DIFFICULTY SO NOT SO MUCH ELECTRICAL ENERGY IS RELEASED
Best Blockchain Explanation on YouTube
Super Duper Phenomenal presentation