As soon as I heard of this blockchain stuff it crossed my mind that this is needed to be implemented in government money tracking system (especially the one of developing countries) to prevent corruption and ensure that everything that concerns public interest (read ''everything that targets taxpayers' money") is being kept public... speaking of republics and democracies, this stuff is real deal

So would it be right to say that, as a rule of thumb, blockchain tech can be used wherever two parties are involved with different (or even opposite) goals, but reliant on a single crucial resource/knowledge that neither can trust the other with? I feel like that would be a good thing to keep in mind for thinking about starting a blockchain-based business.

You gave me the piece I was missing. Most people talk about the back end, the blockchain, but this talks about the user interface. Thank you

You produce really great stuff, simple and in layman terms in a short time.Kudos!

Simple and comprehensive as expected

You are so good at explaining things. Clear and concise in one go.

You always made complicated thing explained in simple way. Super love your channel

The only problem i see, with shipment for example, is that most of the time, the officers in charge don't scan the packages when they pass some distribution centers, the human factor could be a huge problem for some of these applications :) Another great video! happy midweek and keep on programming!

thanks for the creator for making such a quality content

Very informative video. Looking forward for more. Thank you so much.

Nice video and gives some good ideas of business use cases. Just one comment however not all blockchain solutions will be public and open. Depending upon the actual business need they could be open or closed. Also they could be public or private. There's little consensus (pun intended) around terminology but I'm using; open/close for the readability of the data and public/private to define who can write the data. Ethereum technologies tend to offer open / public solutions and Hyperledger private / closed.

Thanks for the video. I came across it while doing research for a book and it is a great explanation of the applications of blockchain technology.

great video... thank you for the explanation. what program do you use to create videos like this?

Best Blockchain Explanation on KZfaq Super Duper Phenomenal presentation

Amazing content, simple as well as great..!

good job man! nice content flawlesly explained. Suscribed!

Congratulations ! I understood many things about decentralized technology in a few minutes ! Beautiful simple graphics .. may I ask which software have you used for the graphics ?

Explained very nicely !!

You made it so easy to understand, tha you for this video

Well, in my one-year+ of involvement of this topic, the best use of blockchain (or similar) technology seems to be for money. As this video points out, there may be other uses, but in its use as money, I think it could change the course of history (a little). (I recall daily the episode of the Three Stooges, where their elusive fortune was based on the perfection of a pen that writes under whipped cream.) Next thing you know, we'll be putting the agenda for next week's bingo game and pot luck dinner on a blockchain.

This is a really nice explenation

These videos are first class! Would love to see one on edge and mist computing

I first time listening such informative video. Very well done bro keep sharing informative video.

Project very well organized and will certainly be very successful

i was thinking the other day how we could use blockchain tech to verify the voting system or use it as a notary. but what about package tracking and shipment tracking? perhaps we could get a more realtime updated tracking on such things? why stop there? GPS even? idk where we are going. so far crypto has been changing the financial world. maybe little by little we can get everything decentralized and give less power to the governments and big banks etc. but then again i have absolutely no idea what im talking about.

I liked the idea of smart contracts

So nice, good explanation

Amazing thank you so much

Very good explanation, thx

Very well explained

hey i wanna to study smart contract using blockchain technology in construction projects what shall you recommend me to study ma tesis paper on this technology

Sad for not being able to press LIKE more than once! From my heart, Thanks

I don't understand the example at the artist part. E.g. I don't think that Spotify couldn't track what their subscribers are usually listening to. They could calculate percentages of that and cash out to artists based on the calculated datas. Where does the blockchain come in, and why is it coming in?

Thanks!

Great vid as always. And how can those blockchains communicate and transfer data with each other? Through interoperability. Like the XRouter from Blocknet. Would love a explanation video about that.

Blockchain for Electronic Components Project: Focus on the HTS 8532 and 8533 Because it includes Conflict Minerals and Endangered Species.

thank you

Great explanation

Verry Good

Good introductory material helps to learn how to explain BC applications to others in 5 minutes. Thank you!

Not to take away from your stellar videos, for which I am grateful, however reducing some reverb in your voice and/or using more sound dampening techniques would give your voice more direct power, hence greater effect. 😊 Please don't hear what I'm not saying. Your videos are awesome and some of the most helpful. Just giving some perspective on the impact of audio as someone with a background in this area to help you impact more people. Blessings 😊

The for the explanation! Great video!

I understand the odometer example but I don't understand the effectiveness of the food-tracking or shipment-tracking example. Because when nodes/participants in the blockchain "verify" the "transaction" they don't necessarily know what has actually happened - whatever the "transaction" is, just "becomes" when its verified and consensus is achieved. So isn't there still a risk here? Yes, the blockchain may be a faster tracking tool, but it doesn't make sure, that the initiated entry is correct in any way, am I right? If i'm right, I don't see it solve the presented problem = proving where it (e.g. the food) came from. Because that all depends on the first entry.

Do a video on Hyperledger

Quick question: for the examples (such as the food example) in the beginning - when smart contracts haven't had been mentioned yet in the video - wouldn't we also have to create smart contracts? In the case of the food example: each piece of food e.g. a steak when created is identified via smart contracts on the blockchain. Thanks a lot in advance!

Hi can you simply explain Ethereum Dapps and decentralized autonomous companies (DAO)

Since "Agora" comes for the greek term for "public square", "gathering space", "assemply", it should be pronounced "Agorà". Otherwise it sounds like the Portuguese word for "now", which is less likely to convey a sense of public participation in a vote than "public square". ἀγορά

3:00 the significance of this rings totally different after 2020... Still, doubters would still find a way to doubt, I'm sure. Another great use for the blockchain going forward, would be for fact-checking. Imagine having it all securely validated... it would be a great solution to derail the spread of misinformation, that become practically viral (more so than the actual covid virus) after the way social media platforms made it so easy to spread.

I have a question. Are they suggesting that we can track the provenance of food based on its packaging by scanning it? What if someone copies the package and it shows the information of the "real" food but the content is "fake"? How can we prevent that?

Voting should be block chained... Government should develop voting app which runs in sand box environment completely detached from host environment.. Deploy such app on smartphone, Mac and windows.. Can it be possible?

This is a really interesting video

Effective presentation...i need to listen from you about digital voting using blockchain

Great explanation! Keep up the good work! Also, what about car insurance against theft when your car is still? What if you're in the supermarket, car is in the parking lot and somebody bumps into it? Not insured because it's not driving?

so the alternative to buying servers to store data we have blockchain?

This video is really helpful , Savjee haha. what about analyzing Airtrade project?

Nice video 😉

Oh my! This technology needs to be incorporated with Statistics. Why? After learning it, I understood that you can pretty much make a statistic say what you want it to say by the collection of data or the presentation of such said data.

Blockchains are so exciting!

My favorite is Everscale, what I see is it can do voting faster and safe, you can check it to verify

Thank you for this video. It is very informative!

its funny bc a month ago I was wondering if there was a digital way to "timestamp" a document to be used as patent evidence, know I found this!!! lol

Great work!

Well about the stamp thing: You could also just hash the document and publish the hash (and a title or smth) public like on twitter, the newspaper ...

Favorite would be the medical information protected transfer

im interested in BC voting systems...very interesting

i want a brief video on block chain mapping with example of any product .humble request

VeChain and CarVertical baby!!

Clarified a lot! But everyone talks about Blockchains as literal things, when, if I understand correctly, Blockchain is a kind of data protocol, no?

I love this channel and i have made a research paper and it was a primary source to know about blockchain

Nice video, simple explanation.

Good

About voting system, what about a combination of IPFS, ZK SNARK and blockchain system? All problems might be resolved

Great Video. Explained effortlessly. The best application would be Food industry tracking.

🎯 Key Takeaways for quick navigation: 00:00 📚 Blockchain is a distributed database that allows transparent record-keeping. 00:57 💰 Cryptocurrencies like Bitcoin are a popular application of blockchain, enabling direct transactions without intermediaries. 01:26 🚗 Blockchain can combat odometer fraud by securely recording a car's mileage. 02:20 📄 Blockchain can timestamp documents, similar to a notary, enhancing transparency. 02:49 🗳️ Blockchain-based digital voting can improve transparency and security in elections. 04:08 🍔 Blockchain can track food products, aiding in food safety by quickly tracing the source of contamination. 05:27 📋 Smart contracts on blockchain can automate tasks like insurance claims, medical record access, and royalty payments. 06:23 🎵 Blockchain technology has a wide range of applications beyond these examples, making it a versatile solution for various real-world problems. Made with HARPA AI

Thank you! Really helpful! Subscribed!

Hey on the application regarding tracking food, I don't understand why you need to use blockchain , all it needs is constantly tracking it - it doesn't require publicly broadcasting the data. So why do you require blockchain? Please correct me if I'm wrong.

It just seems like a lot of these use cases can be done by a good vlookup and solid integration. These still don’t feel like they justify the advanced blockchain or the sheer massive computing infrastructure needed to support it. Traditional cyber security it’s still probably the way forward for the next 50 years.

the very beginning of this video nails it-that’s why i am here.

Your videos are very helpful. Thank you

What is Blockchain payment ?

wouldn't a distributed-distributed network identity allow for unique anonymity for voting? im prob sounding a bit ignorant to the thing but idk.... lol

Savjee I've One more question. Can Nakamoto generate more bitcoins??

3:25 What about computing power voting? The cyberpunk we deserve!

I can truly attest that when the Lord said "let us create inhabitants on the earth in Our Image" is indicative of the very smart, intelligent, knowledgeable creative inhabitants who have occupied this Planet since then. History is replete with the greatest minds who ever existed and do exist today, minds as the Gods would have them. Simply astonishing to be made aware of all the developments in technology we have today, and what to expect into the future. There is so much I do not know, because of the fast rate of new discoveries and applications, it is hard to keep up, and this Block Chain technology is one of them. Very informative video though. Thanks.

Blockchain technology will only be implemented if it’s spectacularly better than the thing that it’s replacing. With the exception of things requiring public transparency like voting or use of public funds, blockchain isn’t actually better than a well designed and maintained data infrastructure using convention technologies. Blockchain is a very specific piece of technology that can be made to do a lot - but not made to do a lot well.

Is the environmental cost of using these applications worth the positive of the use case?

A Blockchain is a linked list and doesn't mean much unless you specify: - is it private or public, permissioned or permissionless? (in case of private and permissioned a DB is always a better choice) - what is the consensus mechanism? - who are validators? - does it represents a digital asset that "lives" inside the blockchain or is it a representation of an external asset? in this last case how do you manage counterparty risk? If you answer these questions you'll see that some of your examples are not realistic

Education

i cant believe you only have 85k subs

How could i use blockchain to support marketing campaigns? Ex. promoting a new music release.

The only thing I still don't get is how/why these different blockchains get represented by coins that you can buy. Like VeChain does the shipping blockchain like you were mentioning, but what does that have to do with "currency"? If this was the next video, that'd be amazing!

You need to be clearer. For example about the example of tampering with odometer, you need to mention that GPS tracks the mileage of the car while odometer tracks the mileage on a mechanical based measurement system. This data is reconciled and stored in a blockchain. GPS tracking is critical for authentication. Look forward to your new videos.

Very helpful video. One question though, regarding the car odometer example. You mention that by replacing the report method of the car mileage with a smart odometer which would send the data to the blockchain network where it will be stored as immutable data. My question is, if the odometer itself is "tampered" and reports half of the distance then we have not really gained anything. More like an illusion that the guys car mileage is legit. My understanding is that blockchain is about data integrity and not about data validity. New to blockchain, so am I missing something here?

Im confused about how smart contracts allow musicians to get paid based on the amount of listeners the get, I thought thats what spotify does already? How is that different?

Hello Your videos are very beautiful and attractive Please create a video about ico Thanks

For railways verification and timing it will reduce accident in India

Thanks for the fish

is there anyone thinking that almost every application in the video would be possible today with a normal database? uploading your cars mileage to a blockchain could also be sent to a regular server right? i think normal servers are also secure so could not be tampered with . i would like to understand if i'm wrong so feel free to comment ;)

In water bottle identity sell out at in populous areas i.e. hospital religious place, railways, bus stand

Please can to made new videos about smart contracts thanks bro regards from Colombia sud-America