Blockchains: How They Work and Why They’ll Change the World

…Now, eight years after the first blockchain was built, people are trying to apply it to procedures and processes beyond merely the moving of money with varying degrees of success. In effect, they’re asking, What other agreements can a blockchain automate? What other middlemen can blockchain technology retire?

Can a blockchain find people offering rides, link them up with people who are trying to go somewhere, and give the two parties a transparent platform for payment? Can a blockchain act as a repository and a replay platform for TV shows, movies, and other digital media while keeping track of royalties and paying content creators? Can a blockchain check the status of airline flights and pay travelers a previously agreed upon amount if their planes don’t take off on time?

If so, then blockchain technology could get rid of Uber, Netflix, and every flight-insurance provider on the market…

https://spectrum.ieee.org/computing/networks/blockchains-how-they-work-and-why-theyll-change-the-world

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