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I think the only project I’ve seen so far where I’ve felt that a blockchain has actually been the correct choice is Alfis, which is a decentralized DNS that uses the blockchain as the public append-only ledger that it is, and it uses proof-of-work to add arbitrary costs to updates - to make spamming or namesquatting expensive.

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sxan@midwest.social ⁨9⁩ ⁨months⁩ ago
Amazon has a database project called QLDB that uses blockchain for its audit log.

What do you call an audit log that’s cryptographically verifiable? A blockchain.

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ComradeKhoumrag@infosec.pub ⁨9⁩ ⁨months⁩ ago
So why not do the same with a bank ledger?

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- Honytawk@lemmy.zip ⁨9⁩ ⁨months⁩ ago
  web3isgoinggreat.com
  
  Here is why
  
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  - ComradeKhoumrag@infosec.pub ⁨9⁩ ⁨months⁩ ago
    Web3 is more about smart contracts and alt coins, you didn’t address my point
    
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- Knock_Knock_Lemmy_In@lemmy.world ⁨9⁩ ⁨months⁩ ago
  Banks should.
  
  But there is too much technological debt to implement.
  
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