I don’t even think the business software side is that problematic for a lot of good use cases, it’s the general non user friendliness of wallets and having to guard your seed phrase properly and just general technical knowledge.
As soon as your concert ticket is an NFT people can risk losing their ticket, and people will lose tickets.
Making the ticket and scanning the ticket for entry isnt too difficult a problem, and it’s entirely fraud proof.
Edit: and so many people get scammed out of their seed phrases while trying to get help because they just don’t understand.
They could (but didnt) do it with zero knowledge proofs as well. Then the website could go back and verify against the state site and no private information would be leaked.
The state would know the site requesting it via IP, but they wouldn’t know which proof they were validating.
It’s often talked about in the blockchain crypto space, but it’s not the only way to use them. You could use it in a centralized system like this too.
They might get processed via the visa network, but the money is still leaving your bank account. Visa never really had it.
So now you gotta deal with visa and your bank to get something back that was stolen, and no, you aren’t ending up with the same protections. They aren’t as motivated as none of them are out the money.
If it was a credit transaction, the credit card company is out the money, and if you say it’s fraud and refuse to pay them, well now they are on the hook. They’re now motivated to determine if it was fraud or not as their money is on the line. Also, they now lose out on a potential customer that gives them high interest on debt if they dont undo it (because most people don’t pay off their credit cards). There’s no debt when it’s a debit card and transaction fees are smaller so they earn less from you.
Edit: and even IF you get the money back, it’s going to take a lot longer, and that money is gone in the meantime. Needed it for rent? Sorry the fraud investigation takes 2 months. With credit, your rent money isn’t gone.
NFTs in general are still cool. Concert tickets, tokenzied stocks, land ownership, car ownership, digital keys (that can open digital or physical things), digital IDs, it’s endless what can be done with them, but it’s a long way until some of these things get adopted.
It absolutely can be done with zero knowledge proofs, but it needs to be from an authoritative source.
It could prove you are over the age of 18 (or 21) without having to divulge any other sensitive information, and be untrackable between sites or any outside agency (e.g government doesn’t know and can’t know you visited a site or location that verifies your age)
They could add it to our drivers licenses or passports or whatever which would cover the authoritative part. Your ID is an NFT at that point, and could be fully digital.
Edit: they might even tie generating the proof to requiring a biometric verification (fingerprint) so you can’t give your ID to someone else.
My money is on 3 months after the first release of a FROM title on PC, sony will come in and force them to create a sony account with crazy DRM to play it.
Then after the outrage from that, force it on all previous FROM titles.
In June 2006 a Rockingham school inquiry was launched after parents complained of the traumatic effects classroom Mafia was having on their fifth-grade children. Davidoff responded to the reports, saying that as a parent who had studied child psychology for 25 years, he felt that the game could “teach kids to distinguish right from wrong”, and that the positive message of being honest could overcome the negative effects of an “evil narrator” moderating the game as if it were a scary story.