Re: Valid uses cases for Smart Contracts, Dapps, and DAOs?
Note the edit in bold at the end:
Can anyone think of any use cases for smart block chains that has any wide adoption potential
So far, I can't think of any killer app that is enabled by smart block chains.
An OpenBazaar market place? Do we need a smart block chain for that? It seems that for example CounterParty and OpenBazaar could benefit from some custom scripting so their hashed data (e.g. reputation updates for OpenBazaar and contract validity for CounterParty) is verified by the block chain they are running on.
5. Decentralized Autonomous Organizations (DAO). Technically the idea that investors buy a colored coin which enables them to vote on how the funds (denominated in which every token was exchanged for the colored tokens) are spent, and to sell this colored coin at-will on the market. Issues:
- Note I could envision tracking investment, decentralizing the trading of the shares (colored tokens), voting on a board, and distribution of dividends. But this voting on each proposal as a flat democracy does not work. But then this would model a centralized corporation and thus be subject to investment securities regulation.
Can anyone think of any use cases for smart block chains that has any wide adoption potential
So far, I can't think of any killer app that is enabled by smart block chains.
An OpenBazaar market place? Do we need a smart block chain for that? It seems that for example CounterParty and OpenBazaar could benefit from some custom scripting so their hashed data (e.g. reputation updates for OpenBazaar and contract validity for CounterParty) is verified by the block chain they are running on.