Philippines is a shithole that willingly elected the fascist Duterte as their president, they deserve no support.
Philippines is a shithole that willingly elected the fascist Duterte as their president, they deserve no support.
I know of one use case that seems viable, there is a digital housing market service in my country (called Dias). It uses blockchain to verify transactions related to selling and buying houses. That includes proof of sales, ownership, bank transaction status etc. The blockchain is operated by all the major banks. Their incentive is that it increases the security of the transactions thanks to the immutable digital trail, and also the fact that no single entity owns the “database” so no entity can alter it, or skim service fees etc from the others.
Why this hasn’t been done is pretty baffling to me.
Because the blockchain needs an incentive. Who is going to be taking part in the blockchain if there is nothing in it for them? That’s why these tokens are often tied to crypto currencies, as mining is the incentive.
As bad as Trump is, he isn’t championing and encouraging extrajudicial killings (at least not yet) like Duterte. That is however something your average Filipino voters were drawn to and supported with thunderous applause.