Block chain and its uses cases for a non-financial asset market
Block chain and its uses cases for a non-financial asset market So i have been reading a lot about block chain technology and its use cases in the finance and cryptocurrecncy markets. One thing that guarantees blockchain's success in the cryptocurrency market is the prevalent financial incentive for the miners to validate blocks of transactions to make it part of the public ledger (they are rewarded with bitcoins). This financial incentive is associated with a financial asset block chain and partly explains the ongoing boom in the price of Bitcoin. However, as an economics and technology enthusiast, i am curious to learn more about the inherent incentive structure that would prevail if the block chain is for a non-financial asset (let's say it stores patient's data- a use case for blockchain in the healthcare market)? How can we incentivize miners to validate and solve pending blocks in cases where a blockchain stores a non-financial asset and therefore giving a financial i...