dido:public:ra:1.1_intro:02_purpose
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dido:public:ra:1.1_intro:02_purpose [2022/06/09 22:00] nick |
dido:public:ra:1.1_intro:02_purpose [2022/06/09 22:48] (current) nick |
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| - | In addition to the explosion in cryptocurrencies, two different phenomena have occurred: [[dido:public:ra:xapend:xapend.a_glossary:m:memecoin | Memecoins]] and [[dido:public:ra:xapend:xapend.a_glossary:n:nft | Non-Fungible Tokens (NFTs)]]. When Memecoins are listed on exchanges, they are just classified as a cryptocurrency. There is no way of knowing how many non-listed Memecoins there are. | + | In addition to the explosion in cryptocurrencies, two different crypto-related concepts have emerged: [[dido:public:ra:xapend:xapend.a_glossary:m:memecoin | Memecoins]] and [[dido:public:ra:xapend:xapend.a_glossary:n:nft | Non-Fungible Tokens (NFTs)]]. When Memecoins are listed on exchanges, they are just classified as a cryptocurrency. There is no way of knowing how many non-listed Memecoins there are. |
| However, NFTs use existing DIDO platforms such as Ethereum and smart contracts, but instead of representing [[dido:public:ra:xapend:xapend.a_glossary:f:fungibility]] ((**Fungibility** is the interchangeability of a good or asset with other specific goods/assets of the same type, simplifying trade and exchange processes. [[https://www.investopedia.com/terms/f/fungibility.asp]])), such as Bitcoin, or an Eth. NFTs represent a one-off entity that is unique from any other entity. | However, NFTs use existing DIDO platforms such as Ethereum and smart contracts, but instead of representing [[dido:public:ra:xapend:xapend.a_glossary:f:fungibility]] ((**Fungibility** is the interchangeability of a good or asset with other specific goods/assets of the same type, simplifying trade and exchange processes. [[https://www.investopedia.com/terms/f/fungibility.asp]])), such as Bitcoin, or an Eth. NFTs represent a one-off entity that is unique from any other entity. | ||
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| [[https://www.researchgate.net/publication/354950127_Under_the_Skin_of_Foundation_NFT_Auctions/fulltext/6155b879a6fae644fbafdb2a/Under-the-Skin-of-Foundation-NFT-Auctions.pdf]] | [[https://www.researchgate.net/publication/354950127_Under_the_Skin_of_Foundation_NFT_Auctions/fulltext/6155b879a6fae644fbafdb2a/Under-the-Skin-of-Foundation-NFT-Auctions.pdf]] | ||
| ))</caption> | ))</caption> | ||
| + | </figure> | ||
| + | |||
| + | Looking beyond the Crypto-World, there are other uses of the Distributed technologies. These are not necessarily referred to as Blockchains, but often as Distribute Ledger Technologies (DLT). Figure {{ref>distUseCasesGraph}} provides the results of a survey conducted in Singapore on the use cases of Blockchains within the very active Singapore community. Every respondent could select any number of the use cases. | ||
| + | |||
| + | <columns 100% 50% - -> | ||
| + | <table distUseCasesTable> | ||
| + | <caption>Approximate break down of "block chain" use cases.</caption> | ||
| + | ^ Area of Interest ^ Approximate Percent | | ||
| + | ^ Digitial Currencies | 35% | | ||
| + | ^ Digital Tokens | 50% | | ||
| + | ^ Identity | 24% | | ||
| + | ^ Asset Track and Traceability | 55% | | ||
| + | ^ Data Storage | 30% | | ||
| + | ^ Payments | 35% | | ||
| + | ^ Trade Finance | 8% | | ||
| + | ^ Loyalty Programs | 10% | | ||
| + | ^ Other | 10% | | ||
| + | </table> | ||
| + | <newcolumn> | ||
| + | <figure distUseCasesGraph> | ||
| + | {{ :dido:public:ra:1.1_intro:screen_shot_2022-06-09_at_7.12.59_pm.png?400 |}} | ||
| + | <caption>Results of Singapore’s blockchain ecosystem Survey(( | ||
| + | Sam Bourgi, | ||
| + | __Singapore's blockchain industry cites supply chain management as biggest DLT use case__, | ||
| + | Cointelegraph, | ||
| + | 7 December 2020, | ||
| + | Accessed: 9 June 2022, | ||
| + | [[https://cointelegraph.com/news/singapore-s-blockchain-industry-cites-supply-chain-management-as-biggest-dlt-use-case]] | ||
| + | )) </caption> | ||
| + | </figure> | ||
| + | </columns> | ||
| + | |||
| + | <figure> | ||
| + | <caption></caption> | ||
| + | </figure> | ||
| + | |||
| + | <figure> | ||
| + | <caption></caption> | ||
| </figure> | </figure> | ||
dido/public/ra/1.1_intro/02_purpose.1654826440.txt.gz · Last modified: 2022/06/09 22:00 by nick
