April 2019
Beginner to intermediate
272 pages
7h 4m
English
Content preview from Ethereum For Dummies
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Chapter 3
Exploring Use Cases for Ethereum
IN THIS CHAPTER
Exploring uses for Ethereum applications
Describing financial services and ICOs
Simplifying identity management
Examining industry applications
Empowering governance
Ethereum is a great implementation of blockchain technology, but unlike the current marketing hype, it doesn’t solve all of the world’s problems. However, it does solve some problems that have proved to be hard nuts to crack! The trick is in knowing where Ethereum shines and where is may not be the best choice. To ease into an understanding of when to use Ethereum, you examine some successful use cases. In general, blockchain is a good fit when you need to exchange something in an environment in which the players don’t trust one another.
First, you need to look at what exchange something means. The traditional definition is to trade things of value. But in some cases, the exchange implies simply answering a question. For example, “who are you?” is a valid question. ...