Bitcoin Forum
December 13, 2024, 04:38:23 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Digital token or cryptocurrency only between DAOs or Smart Contracts  (Read 596 times)
grewalsatinder (OP)
Full Member
***
Offline Offline

Activity: 186
Merit: 100


Blockchain Technology Enthusiast, IT Pro


View Profile
March 28, 2015, 03:51:21 PM
 #1

Hi there,

Is it possible to do provide service to human without any CryptoCurrency by DAO?

As CryptoCurrency is a fuel to Blockchain, no single transaction can be done without CryptoCurrency. There has to be some amount transacted to fulfil the service order etc.

I was thinking if there was any way where humans don't need to have any CryptoCurrency, but Smart Contracts and DAOs only use it to make the services run.

Example: Human uses Uber like DApp, calls a ride controlled by DAOs, drives the person to destination and car leaves for next job. All operations in it handled by DAOs and Smart Contracts. Human doesn't even think about any payment in between.

I am not really sure if such think could be possible with existing DAO technologies or by the ones in development (Seems like not possible).
If not with existing Blockchain technologies, then is it possible that there could be a Blockchain designed the way it doesn't ask anything to user for any kind of payment?

Think of such blockchain not for everybody, but for a wide spread established non-profit organisation branches.
Or just think in terms of RBE.

Cheers! Smiley

NyeFe
Hero Member
*****
Offline Offline

Activity: 699
Merit: 501


View Profile
March 28, 2015, 04:03:26 PM
 #2

This is where biometric technolgy would become useful. well, at least if i understand what you're suggesting, it can only be accomplished using this sort of technolgy. Then again, its still possible for users to simply use the service once and abandon it?

MicroDApp.com—Smart Contract developers. Lets build a decentralized future!
grewalsatinder (OP)
Full Member
***
Offline Offline

Activity: 186
Merit: 100


Blockchain Technology Enthusiast, IT Pro


View Profile
March 28, 2015, 10:22:20 PM
 #3

This is where biometric technolgy would become useful. well, at least if i understand what you're suggesting, it can only be accomplished using this sort of technolgy. Then again, its still possible for users to simply use the service once and abandon it?

Thanks for the reply @NyeFe. I had something similar idea of Biometric Technology.

Do you have in mind or any example I can search for Biometric technology which I could relate to authentication or services access etc.?

Cheers! Smiley

NyeFe
Hero Member
*****
Offline Offline

Activity: 699
Merit: 501


View Profile
March 29, 2015, 10:24:20 AM
 #4

If your users use iPhones, you could utilise apples touch id for authentication... Alternatively you would require hardwares such as http://www.fulcrumbiometrics.com/Futronic-FS28-BlueTooth-Fingerprint-Scanner-p/101127.htm for every other unsupported device.

Price iphone 6: $199
Biometric reader: $320.00

If your users could afford this, i doubt they would require a loan. Unless they weren't planning on paying it back.

MicroDApp.com—Smart Contract developers. Lets build a decentralized future!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!