Blockchain adoption is on the rise in Latin America as citizens in the region are increasingly inclined towards transacting using cryptocurrencies. The trend has been gaining traction since El Salvador became the first nation in the world to adopt Bitcoin as an official form of currency in 2021.
That does not answer the original question: What are the advantages of a blockchain in this scenario compared to a traditional central database?
Yeah I don’t have an answer. I could look it up but my comment was not blockchain is the best thing to use for this scenario but that this was a better use of blockchain than crypto (the real but is I dont’ feel like it atm).
Although I think that ID verification is a goid use case for blockchain, I’m reluctant to agree here as the article leaves a lot of questions about its implementation unanswered.
@HubertManne, you appear to say that crypto -and thus payment networks- are not a good use case for blockchain. If I got that right, why do you think that if I may ask?
oms! I did not say either. I was saying its a better use of blockchain than crypto. Not the other way around. I actually think it is a good use but I don’t want to do the research to verify my knowledge on the subject atm but it should allow for a smaller backend footprint for authorization but without rechecking I don’t want to hear from someone that is like. Thats not how it works when if there is a discrepancy its just going to be in my use of particular words.