Comment on Public trust in AI is sinking across the board
FluffyPotato@lemm.ee 8 months agoAn NFT is pretty much just some data put on a blockchain, it has the same use case as most other blockchain tech: Data integrity and transparency. NFTs specifically could be useful as a framework for showing ownership of something, for example vehicle ownership could be stored in this manner. It would give you a history of previous owners and how old the vehicle is. My country has something like this but making inquiries for a vehicle’s history is pretty annoying and could be improved with this tech.
Powerpoint@lemmy.ca 8 months ago
That’s a problem that’s already solved though. Nfts are really just a way for crypto bros to scam others.
FluffyPotato@lemm.ee 8 months ago
As I said: Having the vehicle register stored on a blockchain would make it very easy to access a vehicle’s history. Currently you need to submit a request and it takes days for them to get back to you.
NotAtWork@startrek.website 8 months ago
NFTs aren’t the solution to this, public read access to the database is.
FluffyPotato@lemm.ee 8 months ago
A blockchain is a form of database that would be really good for this because of how it maintains all database transactions while being human readable easily. Most databases aren’t human readable and you need to design an interface for it. How NFTs are stored in blockchains is a good example of a very specific purpose that would make this better. Vehicle databases also don’t have a clear connection to previous owners and that data needs to be retrieved manually while a blockchain keeps every modification easily visible.
Obviously don’t use a blockchain used for speculative investment like Etherium but the government can just host their own without any stupid finance shit on it, just a database for vehicles.