Through my research and experience in the industry I have come across some simple and complicated use-cases. I will attempt to establish a baseline for what I feel to be the most prominent and obtainable in modern society (in no particular order).
- IOTA application. Allowing solar panels to source (Site A) Kilo-watts (kW), store them into the electrical grid (Site B), and then transfer them to another location (Site C). With the introduction to EV charged vehicles such as Tesla, I anticipate the autonomous adoption will allow for personal vehicles to Taxi during off-hours, automatically schedule cleaning and charge then re-locate back to their storage location until either programatically routed or occupied by the owner. IOTA would allow for the kW generated at a home location to be used at public EV locations. A simple ledger will handle the transfer of IOTA and bill the customer accordingly. Additionally, solar-panels can also create a surplus of kW for the customer to then re-distribute and receive revenue from. I continue to work on this advancement through my relationship with RUBADUB.
- Medical records. I initially researched heavily into Dentacoin and Medibloc. The idea is simple: Allow medical records to be stored on the blockchain — creating a decentralized store for your medical records to be kept up to date. My research determined that millions of USD is wasted in a lifetime by having to take and then re-take X-rays and other medical procedures. Currently, transitioning from one specialist to another requires tests to be re-done at the expense of money and more importantly, time. I witnessed this first hand when seeing my own Dad in pain after arriving to the local ER in the same week he had previously taken tests and exams with the VA. What takes two weeks to schedule through the VA was again done within two hours of being in the ER — had the information been available I have no doubt his pain would have been relieved sooner. The following is taken from Medibloc’s website: “Patients can easily manage their own healthcare records by using Medibloc service. Incentives will be offered if an individual actively participate in the platform by using MediBloc services and managing their own healthcare data within the platform Collected personal health records can be provided to other participants through patients’ consent only for free or for a fee within MediBloc platform. Research institutes, pharmaceuticals and others who need data will have sources to obtain the necessary data on the platform. The platform will give incentives for medical records generated by data producers(medical institutions,etc) and encourage healthcare providers with a benefit to participate in the MediBloc ecosystem. In addition, based on personal healthcare data, patients can take advantage of upgraded, highly customized digital healthcare services. Medi tokens are used to access these various MediBloc platform-based services and will create an economic ecosystem.”
- Data ownership. From Sean Parker and Napster to Kim Dot Com, Justin Sun and Chance the Rapper — I respect each of these individuals because of their commitment to providing people the most valuable known asset, DATA. The problem with this endeavor is simply that most people have no idea how much data is actually worth, if they did they would probably be more selfish. In my efforts to join the likes and give people their data back I joined datacy.io — allowing peers to manage and re-distribute their own data and get paid to do it. The idea again is simple, allow those that wish to profit off their own data the ability to do so. Don’t let Mark Z take the pie, there’s a slice in there for you too!
- ACL or Access Client Lists. Currently maintained individually, saved, and then applied. This can be streamlined through the use of a blockchain. Each participating member is added to an ACL, only those with the private key can manage the list and updates are verified through consensus of the participants.
- This one might be my favorite — a blockchain to audit honey. Yes, honey like from bees. I researched into the industry and saw an inverse correlation to the production of domestic honey and demand here in the US. My research gradually took me around the globe to China where I continued my research into the genetic build and profiteering of faux-honey. I will make this to the point — put bee hives on the blockchain and provide customers the genetic keys to verify their product. I am expecting Monsanto to come knocking at my door any day for this Honey auditor program. I have concepts that will track your honey back to the X — Y coordinate where the HIVE is located allowing DNA tests to prove these findings.
Not on this list are some of the more obvious ideas — like processing payments. I find that after my research I usually come back to one bottleneck — scale-ability. Similar to that of Gemini and USDT, my proposition was to create a Coin pegged to the USD, 1:1. Gemini has the right idea I believe as seen in their white paper:
- Resolve vulnerabilities; 2) Extend the system with new features; 3) Improve the system and optimize its operational efficiency; and 4) Pause, block, or reverse token transfers in response to a security incident (i.e., catastrophic event) or if legally obligated or compelled to do so by a court of law or other governmental body.
