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dsteinman | 5 years ago
I would go even further than this, and say that a cryptocurrency might be among the best ways to build a universal login system. Imagine an Ethereum-like coin where the wallet is the username, and you spend the coins while authenticating, gaining privileges, and the blockchain stores your public info like a username and avatar that you can bring to any website.
IgorPartola|5 years ago
whatl3y|5 years ago
What is a better solution than building a tamper proof workflow in the blockchain? Examples include:
1. I sign a contract and the notary signs and uploads a copy to the blockchain to validate the contract contents, that it was signed and by whom, and when.
2. An auditor validates a piece of evidence a client provides that proves its in compliance with a particular control in some regulatory framework. The auditor uploads a SHA256 hash of the evidence in a transaction memo to the blockchain to validate against later in peer review, a lawsuit, etc.
Edit: My examples here refer to a valid use case of a blockchain and not cryptocurrencies which is what you mention, but based on context of this discussion it looks like we all actually mean blockchain and not necessarily cryptocurrency.