04-16-2021, 06:45 AM
Best Use Cases for Blockchain Technology
<!-- SC_OFF --><div class="md"><p>When I first learned of blockchain technology of course it was easy to see that cryptocurrency was the most straightforward use case because by that time Bitcoin had already proved itself out and there were many others trying to improve on the path BTC carved out. While it was easy to see the value of cryptocurrencies I was interested in what was next. What would be the next use case of blockchain technology that would disrupt an industry causing coins worth pennies to exploding and be worth thousands of dollars.</p> <p>I know I can’t be the only one looking for the next earth-shattering idea that will blast their rocket right past the moon and straight to Jupiter. I am hoping here we can share the projects we are aware of that have different use cases other than just “traditional” crypto, especially if they might not be hot or hyped right now so we can invest early and potentially make generational wealth if they do create a new standard. </p> <p>If you cannot explain what you can use the coin for, or what it does, it does not belong in this thread. I will post two I have found and please share others we might not all be aware of. Let’s find the next big thing together.</p> <ol> <li><p>Wagerr (WGR) – It is the first and only sportsbook on the blockchain. To be clear this isn’t like the hundreds of centralized sportsbooks that accept crypto as payment, everything actually takes place on the blockchain. Bettors hold their coins in their own wallet; in control of their funds at all times. Bets are placed on the blockchain and winning bets are paid out by smart contracts after game results are fed onto the blockchain by an oracle system. Investors can “be the house” as normal sportsbook “profits” are distributed to those holding WGR. Why is a sportsbook on the blockchain needed? No geo-restriction, no more giving your personal info to off-shore books, being able to bet as much as you want with no limits, and no more begging for withdrawals from a sportsbook holding your money. Wagerr is fully functional and on average there is over $100,000 worth of WGR bet on sports every single day on the platform.</p></li> <li><p>GET Protocol (GET) – It is a blockchain based ticketing system, think sports games, concerts, events. You might think why is this revolutionary? First, no more getting scammed as you can verify each ticket’s authenticity on the blockchain. This is cool, but what I think is game changing is tickets as NFT’s. Now you can write rules into the tickets. The best example I think there is of this is imagine being a ticket seller and writing a rule that if the ticket is resold by the buyer at a profit (aka the ticket is scalped) that 50% of that profit will go back to the original ticket seller. Do you now see why every band, NFL team, etc. would want to use GET for their tickets? GET is also operational and selling tens of thousands of tickets as we speak.</p></li> </ol> <p>These are the two best “new” blockchain uses cases I am aware of. I just found out about GET through a friend a few months ago. I’m sure there are many more I am unaware of, please share in the comments. PLEASE DO NOT JUST WRITE THE NAME OF THE COIN, save us all a little time like I have and give us a brief breakdown of the use case and why it could change the game.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CryptoDgen"> /u/CryptoDgen </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mrh6wp/best_use_cases_for_blockchain_technology/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mrh6wp/best_use_cases_for_blockchain_technology/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>When I first learned of blockchain technology of course it was easy to see that cryptocurrency was the most straightforward use case because by that time Bitcoin had already proved itself out and there were many others trying to improve on the path BTC carved out. While it was easy to see the value of cryptocurrencies I was interested in what was next. What would be the next use case of blockchain technology that would disrupt an industry causing coins worth pennies to exploding and be worth thousands of dollars.</p> <p>I know I can’t be the only one looking for the next earth-shattering idea that will blast their rocket right past the moon and straight to Jupiter. I am hoping here we can share the projects we are aware of that have different use cases other than just “traditional” crypto, especially if they might not be hot or hyped right now so we can invest early and potentially make generational wealth if they do create a new standard. </p> <p>If you cannot explain what you can use the coin for, or what it does, it does not belong in this thread. I will post two I have found and please share others we might not all be aware of. Let’s find the next big thing together.</p> <ol> <li><p>Wagerr (WGR) – It is the first and only sportsbook on the blockchain. To be clear this isn’t like the hundreds of centralized sportsbooks that accept crypto as payment, everything actually takes place on the blockchain. Bettors hold their coins in their own wallet; in control of their funds at all times. Bets are placed on the blockchain and winning bets are paid out by smart contracts after game results are fed onto the blockchain by an oracle system. Investors can “be the house” as normal sportsbook “profits” are distributed to those holding WGR. Why is a sportsbook on the blockchain needed? No geo-restriction, no more giving your personal info to off-shore books, being able to bet as much as you want with no limits, and no more begging for withdrawals from a sportsbook holding your money. Wagerr is fully functional and on average there is over $100,000 worth of WGR bet on sports every single day on the platform.</p></li> <li><p>GET Protocol (GET) – It is a blockchain based ticketing system, think sports games, concerts, events. You might think why is this revolutionary? First, no more getting scammed as you can verify each ticket’s authenticity on the blockchain. This is cool, but what I think is game changing is tickets as NFT’s. Now you can write rules into the tickets. The best example I think there is of this is imagine being a ticket seller and writing a rule that if the ticket is resold by the buyer at a profit (aka the ticket is scalped) that 50% of that profit will go back to the original ticket seller. Do you now see why every band, NFL team, etc. would want to use GET for their tickets? GET is also operational and selling tens of thousands of tickets as we speak.</p></li> </ol> <p>These are the two best “new” blockchain uses cases I am aware of. I just found out about GET through a friend a few months ago. I’m sure there are many more I am unaware of, please share in the comments. PLEASE DO NOT JUST WRITE THE NAME OF THE COIN, save us all a little time like I have and give us a brief breakdown of the use case and why it could change the game.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CryptoDgen"> /u/CryptoDgen </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mrh6wp/best_use_cases_for_blockchain_technology/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mrh6wp/best_use_cases_for_blockchain_technology/">[comments]</a></span>Kind Regards R