>>12923846
You have a good general idea, but ETH's use is not limited to dispute resolution.
It's trustless, distributed, and global. No one owns it.
If you were running a distributed, multi-cloud microservice-based set of services (ex: social media site, banking, finance, Netflix, etc.) That required user authentication, and needed new identity compliance...
Where would you, and all of your competitors save/store/validate user data and authorization?
Imagine if all the big tech companies could agree to use one set of standards for identity management (user, Alice agreed to login to her bank account with her Facebook creds for auth/validation).
Imagine how easy and invisible the backend auth would be for the end user.
Only issue is, do you really trust Facebook to abide by European identity standards?
No.
However, what if the identities of the users were on a distributed database that no single entity managed. What if you didn't have to worry about Microsoft or Facebook controlling the world's identity management infrastructure.
ETH has the potential to be the back bone of Web3.0
>t. J work at IBM and read internal docs all day waiting for the singularity
>(Hyperledger is losing customers to Corda in droves due to many variables)
>LINK is the last sure thing I've learned about after BTC and ETH.
>I am the moron that provided the doc showing LINK was being looked into by IBM on a public mailing list. I had to wait for public docs to share.