Polygon Labs To Launch Open Database With 39 Blockchain Use Cases

Key Points:

• Polygon Labs has launched an open database of blockchain use cases in every application anywhere in the globe.
• The database now has 39 use cases and over 300 applications, with more on the way.
• It will contain well-known categories, such as remittances and investments, as well as more esoteric undertakings.

Polygon Labs, the Ethereum scaling platform, has established a database that catalogs the many ways people are utilizing blockchain-related services in industries ranging from social impact to education.

The database, dubbed The Value Prop, has up to 39 use cases and over 300 applications, with more on the way. The project was designed by Polygon Labs as a “Wikipedia for use cases.”

The project was prompted in part to respond to the issue of what is crypto’s value proposition and in part to counter Washington’s critique embodied in the President’s economic report that its innovation has mostly focused on generating artificial scarcity. With that criticism, criminality, and fraud, the good in cryptocurrency is being overshadowed by the bad.

Polygon Labs is the business behind the Polygon network, which is a sidechain of the Ethereum blockchain, or Layer 2.

The database covers well-known categories like remittances and investments, as well as more esoteric programs like behavioral nudging. Polygon Labs does not support any of the 150+ projects included in the database, which is crowdsourced.

Education, security & risk management, social impact & sustainability, finance, business & marketing, governance, and information technology are the seven verticals that the use cases are divided into. The portal will also include a testimonials page with written and video remarks from users on how blockchain has positively influenced their lives.

The website is great for discovery, with sorting options such as use-case, network, and verticals (business jargon for the industry). Yet, there isn’t a lot of information available for each.

As Coincu reported, Polygon Labs issued a statement in response to charges by the US Securities and Exchange Commission that MATIC is an unregistered securities. The team overseeing the Polygon blockchain’s creation and expansion has also said that they do not want to target the United States and have assured that MATIC would be accessible to a global audience.

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Harold

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