Kinda. I mean, my car titles are just sitting in a safe somewhere. Probably easier to just steal and part out a car than it is to do fancy title tricks but I digress. If someone managed to swipe them it’d be a pain in the ass at a minimum.
Ticketmaster, they just dump tickets in user’s accounts that are somehow getting hacked left and right. But, since they’re accounts at Ticketmaster, you have the password and they also have the password (hopefully hashed). If they instead had users associate a wallet to their account, Ticketmaster could instead dump ‘NFT tickets’ to the wallet, you can keep the wallet cold, go to the event, flash a QR code along the way, and you’d be the only person with the password and it Ticketmaster got hacked your tickets wouldn’t be compromised.
I don’t think it’s good to go burning gas on high frequency transactions like concert tickets but it kinda highlights how having that additional layer can make things slightly more bulletproof, without making things too much of a pain.
But also in terms of a compromised blockchain, I bet it’s 800 times easier to do some social engineering and gain access to a filing cabinet
Don’t we already have systems for that? What about the vulnerabilities of blockchain takeover?
Exactly. Ryathal said it very well: https://sh.itjust.works/comment/15029423
Kinda. I mean, my car titles are just sitting in a safe somewhere. Probably easier to just steal and part out a car than it is to do fancy title tricks but I digress. If someone managed to swipe them it’d be a pain in the ass at a minimum.
Ticketmaster, they just dump tickets in user’s accounts that are somehow getting hacked left and right. But, since they’re accounts at Ticketmaster, you have the password and they also have the password (hopefully hashed). If they instead had users associate a wallet to their account, Ticketmaster could instead dump ‘NFT tickets’ to the wallet, you can keep the wallet cold, go to the event, flash a QR code along the way, and you’d be the only person with the password and it Ticketmaster got hacked your tickets wouldn’t be compromised.
I don’t think it’s good to go burning gas on high frequency transactions like concert tickets but it kinda highlights how having that additional layer can make things slightly more bulletproof, without making things too much of a pain.
But also in terms of a compromised blockchain, I bet it’s 800 times easier to do some social engineering and gain access to a filing cabinet