This article was originally published on Medium by Florent Moulin and can be found here: https://blog.usejournal.com/a-walk-through-blockchain-24-hours-using-blockchain-technology-part-1-60dd09b864c9
I’ve been talking about blockchain to my friends and family for quite some time now. If most of them do understand that blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way, few of them could quote any use case or specific project other than Bitcoin or Ethereum. That observation pushed me to write this article.
What could it mean to live in a decentralized way ? What if almost everything you did, every platform you used, was based on blockchain technology? Would it be possible given today’s projects and platforms? How would a classic decentralized day look like?
Let’s try to take a walk through an hypothetical 24 hour-scenario using solely current projects based on blockchain technology.
My connected alarm clock system knows it is time to wake me up. It automatically performs a micro-transaction to my audio speakers using IOTA, an open-source distributed ledger built for the Internet of Things with feeless microtransactions and data integrity for machines.
It plays one of my favorite songs “Feels so good” from Asap Mob not only based on my listening habits on Voise, a decentralized music-sharing platform that allows artists to monetize their work in a collaborative P2P marketplace, but also based on other data stored on Datum. Datum is a decentralized data marketplace that allows anyone to securely and anonymously backup structured data from social networks, wearables, smart homes, and other IoT devices and to sell it to third-parties.
I am glad that my personal AI agent bought this intelligent wake-up AI service on Singularity.Net, an open, decentralized network that provides services in the Artificial Intelligence market.
I open my laptop and connect it to World Wifi, a decentralized Wifi platform powered by blockchain. I have to watch an ad and can then access the wifi free of charge thanks to one of my neighbors who is a router owner and thus provides access to the open network in order to earn cryptocurrency by connecting guest users like me. I then open Brave, an open source, privacy-focused browser that blocks third party ads and trackers, built in a ledger system that measures user attention to reward publishers accordingly, and start checking news and articles on Steemit, a blockchain-based rewards platform for publishers to monetize content and grow community. I am glad to see that the article I published recently allowed me to earn some Steem and decides to reward the author who provided me a qualitative sum-up of today’s news ! I then watch stories on Lit Stories, a social network where users are rewarded with Mithril tokens based on their stories impact and influence across the network. It’s already 7:32, I just have the time to check my messages on Telegram messenger, and to put on some sports clothes …
After quite some time fulfilling healthy lifestyle challenges on the Lympo platform, a decentralized ecosystem powered by user-generated and user-controlled fitness and wellness data, and being rewarded for generating data, I’ve decided to take it one step further and to train with a personal fitness coach. Today is my first session. Greg is my personal fitness coach : he has successfully coached and helped progress people with similar profile and level and his availabilities are in line with mine. I meet him in his fitness room in Staramba’s realistic social VR universe. Staramba is offering a social VR universe where people can connect, buy, sell, rent, train, have fun, with the STT token. If the universe is virtual, the push-ups and squats are real and Greg is a wonderful coach. Well done Lympo!
I have to leave in 20 minutes! Luckily my smart home system allows me to gain much time in my morning routine. While I take my shower, with hot water powered by my smart energy neighbour community empowered by IOTA technology, it automatically performs a micro-transaction to my coffee machine with IOTA (once again) so that I can enjoy a “hot but not too hot” coffee once I get out of the shower. Unfortunately, the shirt that I just bought and received yesterday doesn’t quite fit the description and one of the buttons is missing. Well, I am happy the merchant allowed Verify payments, a payment application built on a distributed reputation protocol offering 100% buyer protection against all forms of seller fraud. I’ll claim my dues later and go with an “hodl” tee-shirt to remember the good old times when blockchain and cryptos were considered a bubble.
It’s time to leave my home. I’ve opted for Slock.it smart-lock technology as it not only allows me to secure my home and not think about where I left the keys (I am a bit of a scatterbrain), but it also allows me to automate the process of check-in (thanks to smart contracts embedded in IoT-enabled device) when renting my home on Beenest, a middleman free, peer-to-peer network of hosts and guests. So I lock my door and wait for the closest autonomous car to come get and drive me to a cafe from where I’ll work.
My car is there thanks to IOTA! Indeed IOTA makes a vehicle’s life cycle transparent by tracking all of its parts on the tangle, a process called digital twin. Tracking the usage and ownership of a vehicle allows pay per use and sharing instead of owning vehicles has become more and more popular. It automatically accesses my personal data (as I have allowed to share them on Datum) and plays The Score, my favorite Fugees album that I love to listen to when on the road.
I am at the cafe. It’s great there because they accept payments in a wide variety of cryptocurrencies, including Nano. With Nano, each account has their own blockchain as part of a larger directed acyclic graph. Each individual user provides the computational power for the verification of their own transactions, meaning that the entire network is not required to update the overall ledger together in massive blocks. That block-lattice structure allows the network to be able to support 7 000 transactions per second, making it the business-to-consumer currency. I instantly pay my coffee using Nano.
What’s great is that I can track where the coffee really comes from thanks to Ripe. All of the historical and real-time data on the coffee, whether related to the timing (aging duration, time in transport, best before date), location (throughout the supply chain: original farm, cooperatives, shipper etc…) and any additional information (FSA safety ratings, etc) are made continuously available through the blockchain database in a common, shared and consistent record. This time, the beans come from a small farm in Columbia, have been shipped by boat and were roasted and labelled near Lyon (France). Great! I love Columbian coffee, and this one is really good.
Another pretty cool thing is that this coffee-shop is part of the Loyalcoin program. In this new ecosystem of universal rewards, the loyalty points from one merchant can be used to acquire rewards from any merchant within the ecosystem, even if it’s a separate merchant.
Now I definitely love this place! Good coffee, transparent origin of products, payable with Nano and part of the LoyalCoin program.
I will write a review about this cafe on the Lina Review Network. Lina network is utilizing blockchain’s immutability to produce the best possible transparency. Moreover reviewers can earn Lina tokens based on the quality of their contribution, judged by the community.
It’s time to start working. I first decide to finish this article on incentive design that I will post on my website. My website is monetized thanks to Oyster Protocol. Thus, my revenues do not depend on my ability to integrate ads but only on my ability to draw user’s attention.
I also use Oyster Protocol to send and receive confidential documents from my clients. Indeed I use Oyster Shells to access the decentralized web, connectivity that entirely bypasses ISPs and centralized infrastructure, which then allow me to securely send documents or call my clients in a decentralized and secure way. I then store those classified documents securely using the Oyster Pearl tokens I’ve earned with my website.
Once I have finished my article and have posted it, I go to BountyOx. BountyOx is a decentralized bounty hunting network. It allows me to get rewarded for the completion of a specific task, such as helping out an ICO that I like communicating on social medias, writing articles, making visuals etc. Once my work is done, Bounty0x payments are sent to Bounty Hunters like me through smarts contracts. Today I am helping a blockchain projet in order to enhance their incentive design.
For the last 30 minutes before meal time, I try to find projects to support on Dash. Dash is a decentralized autonomous organization that allows any token holder to propose changes or upgrades to the currency. Proposals of projects are voted by the community and can be funded if they receive enough positive votes. As I am myself running nodes (like anyone could do) I can vote for the projects I like and help to get those projects funded. I decide to vote for a project that will use Dash to finance micro-lending towards small businesses in South-America. I hope this project will get funded!
Well, it’s almost 1:00 pm and it’s time to meet some friends for lunch! I’ll be back soon with the second part of the story!
I hope you’ve enjoyed the first part. Thanks for reading this post and don’t hesitate to reach out to me via Twitter to discuss it!
Contributed by: Florent Moulin Follow @fmoulin7
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