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Vitalik Buterin, co-founder<\/a> of both Ethereum<\/a> & Bitcoin Magazine, took to Twitter to share<\/a> his thoughts on non-financial use cases for blockchain technology.<\/p>\n In a paper titled \u201cWhere to use a blockchain in non-financial applications?\u201d Buterin expressed a growing interest in using blockchain technology outside of the financial industry. He noted that while other industries have been slow to adopt the technology, he can \u201csee the value of blockchains in many situations.\u201d<\/p>\n Where to use a blockchain in non-financial applications?https:\/\/t.co\/T6jlAzCvew<\/a><\/p>\n Big thanks to @pujaohlhaver<\/a> @shreyjaineth<\/a> for review! You should also check what they have to say; they have some unique important perspectives that are beyond the scope of this post.<\/p>\n \u2014 vitalik.eth (@VitalikButerin) June 12, 2022<\/a><\/p><\/blockquote>\n He said that distributed ledger technology can help with \u201creally important goals like trust and censorship resistance but sometimes purely for convenience.\u201d In the paper, he stated that \u201cblockchains as data stores\u201d could be quite significant in the grand scheme of things and that he expects them to be used for \u201ccheap and reliable data retrieval.\u201d<\/p>\n Another potential use case that was discussed was open-source metrics \u2014 a concept still in its infancy that would allow diversity and decentralization to be measured:<\/p>\n \u201cAn ideal voting mechanism would somehow keep diversity in mind, giving greater weight to projects that are supported not just by the largest number of coins or even humans, but by the largest number of truly distinct perspectives.\u201d<\/p><\/blockquote>\n Buterin concluded his paper by saying, \u201cI have a large degree of uncertainty in exactly what level of non-financial blockchain usage in each of these categories makes sense, but it seems clear that blockchains as an enabling tool should not be dismissed.\u201d<\/p>\n Ethereum 2.0<\/a> remains on the horizon, and with it, the proposed network switch to proof-of-stake. The update has been delayed several times and recently had a successful launch<\/a> on Ethereum\u2019s Ropsten test network. The project\u2019s representatives have most recently said<\/a> that they hope to release the upgrade to the mainnet<\/a> by August 2022.<\/p>\n<\/div>\n\n