Is this blockchain idea viable?


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I’m a developer with an idea – to use a blockchain to record facts about people and organizations.

I imagine a social network of people who have paid a fee to verify their identity, their credentials, their certification, etc. These people’s profile pages contain indepently verified facts – breaking the paranoia that is usually triggered by self-promotion and branding.

While the casual user would never directly interact with the blockchain, it would be publically available as a permanent record of verified facts (and open disputes if necessary).

Does this idea have legs, in your opinion?


    Yes!
    What you are describing sounds to be a use case within the identity management concept. Instead of some third-parties holding your infomation, you maintain it and other parties verify it, access it, piecvemeal. Identity management is one of the really exciting potentials for the blockchain – a number of startups are working on that. I am sure there is space for many more!
    I am a firm believer in Clayton M. Christensen model. from: The Innovator’s Solution: Most problems today within the blockchain space is they are trying to solve high end complex problems that have no direct economic incentive for the marketplace, as Clayton talks about, the candle took 100 years to become a lightbulb. Bitcoin is taking over 8 years and still have resistance. Things need time to change and for the marketplace to accept it (timing is right)
    That being said, if I were looking at this as… who has a problem right now. I would say all business that deal with reviews are SCREAMING fraud. The problem with amazon and yelp reviews have become a serious problem. Cost business millions of dollars in loses.

    So, with this in mind, the idea that you have is great, but its too much! You cant be everything for everyone. Remember its all about incremental steps,

    Since we know that fake review are a massive problem.

    What do you think companies like amazon and yelp are willing to pay to fix this??

    ALOT!!

    Imagine you take your blockchain startup and just focus on creating a TRUE trustless decentralized system to guarantee real reviews from real people. Eliminating trolls and fake reviews.

    Companies will be lining up.

    just my two cents.

    Edited on January 04, 2017
    Real reviews from real people seems a relatively easy problem to solve. Eliminating trolls and fake reviews will prove more daunting, it seems to me. I could easily, as a real person, post a review that I know to be false, but who could prove it was?
    tl dr;
    Respectfully it’s not that your idea wouldn’t work, it is that moving data onto a public blockchain undermines the strengths of centralised control over information.

    Try to think about what this would look like in todays world.

    Today we use centralized authority systems to verify all this data. Is there a business efficiency to offloading this onto a public blockchain?

    “I imagine a social network of people who have paid a fee to verify their identity, their credentials, their certification, etc. These people’s profile pages contain indepently verified facts – breaking the paranoia that is usually triggered by self-promotion and branding.”

    – In regards to this statement, fees on a public blockchain will rise due to throughput constraints. It may work now because we have very cheap fees due to the small amount of transactions, but when more people use a public blockchain the fees rise making it expensive to settle low value information on the blockchain.

    A blockchain has no enforcement aspect, if i put lies on the blockchain and say that they are true, which centralised authority is going to back me or stop me? Therefore why verify on the blockchain at all why not just do it with the systems we use today? They are more efficient and can protect their customers.

    Yes, but as #distributedledger not #blockchain!
    Nice to see you on blockgeeks. Great minds collect in particular places ;). I know who’ your are Per Lind. Yes, tube transport (www.et3.nl) & FLYING CARS the future of transport!

    You must study the Tau chain, mathamatical perfected software that’s has (blockchain) applications, #distributedleger and much more! www.IDNI.org

    I think the idea has merit. I wasn’t thinking of the social network aspect – I was thinking of a problem that is a bane to the healthcare industry. Specifically, I’m referring to the issue of so-called “provider credentialing” by state governments, health insurers, and managed care organizations. These entities have to deal with constantly verifying the credentials of registered and contracted doctors, specialists, labs, hospitals, provider groups, etc. In fact the general name is “Primary Source Verification”. I did a short paper on the problem and perhaps a broad brush way in which blockchain technology might transform the process ….