As the crypto space developed, blockchain use cases expanded from simple digital currencies and non-fungible tokens (NFTs) to more complex areas such as digital identity verification and telecommunications. Ahead of the Token2049 event in Dubai, Cointelegraph spoke with Spacecoin CEO Stuart Gardner, Spacecoin founder Tae Oh, and Humanity Protocol founder Terrence Kwok to explore how they use blockchain to improve certain industries. From addressing challenges like verification in the artificial intelligence era to bringing internet connectivity to developing countries, projects are integrating blockchain to solve problems in different industries. Digital identity verification to combat the AI threat As artificial intelligence developed, the technology brought improvements that people could benefit from.
Source: CointelegraphRelated: Global demand grows for non-dollar stablecoins, says Fireblocks execDecentralized satellite network to combat the connectivity oligopolyApart from digital identity, blockchain technology is also being used to create a decentralized satellite network. Gardner told Cointelegraph that at the moment, the satellite connectivity landscape is an oligopoly, a market structure where the industry is dominated by only a few large players. The executive pointed out that Starlink and Amazon lead the race, while the EU and China are catching up.
However, the executive said that it was possible for smaller companies or even individuals to launch their own satellites and start building constellations for connectivity. The Spacecoin founder added that since different people or entities own each satellite, it's essentially a "decentralized network". The executive said that they integrated crypto into the project to have a "trustless means of payment and data exchange".
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Author / Journalist: Cointelegraph by Ezra Reguerra
The story "From digital identity to outer space: Projects push crypto use cases" has 618 words across 28 sentences, which will take approximately 3 - 6 minutes for the average person to read.
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