MultiversX Tracker is Live!

Do you think Bitcoin will ever need a standard way to verify real-world events?

Bitcoin Reddit

More / Bitcoin Reddit 437 Views

I've been thinking about something recently and I'm curious what people here think.

Bitcoin does an incredible job of verifying ownership and transactions without trusting a third party.

But when an application needs to know whether something happened in the real world, things get messy.

For example:

  • Was a package actually delivered?
  • Did someone really visit a location?
  • Was an inspection completed?

Most systems seem to fall back to GPS, a centralized API or simply trusting whoever reports the data.

Do you think this is something Bitcoin should stay completely out of, or is there room for protocols that verify real-world events while using Bitcoin purely as a settlement layer?

Genuinely interested in hearing different opinions.

submitted by /u/kelvinthechamp5
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments