Polygon Labs, the Ethereum scaling platform, has released an open database that show[s] positive use cases of blockchain on any application from across the world, it announced on Thursday. Called The Value Prop, the database hosts 39 use cases and over 300 applications, with numbers expected to increase. Polygon Labs conceived the project as a Wikipedia for use cases.
This is just the beginning. It’s not like this is going to be a stagnant website, said Rebecca Rettig, Chief Policy Officer at Polygon Labs in a pre-launch interview with journalists. It’s going to grow as people see it and say, ‘Oh, we want more applications that are on Solana to be listed on here. Please put them up on the website.’
The clamor for use cases has been growing among regulators as jurisdictions grapple with the challenge of framing legislation that not only supports innovation but also protects citizens. The platform will categorize the use cases under seven different verticals – education, security & risk management, social impact & sustainability, finance, business & marketing, governance and information technology. It will also hold a testimonials page showcasing written and video messages from people on how blockchain impacted their life positively.
Rettig said this could shift the narrative from how regulators can’t potentially see beyond the sort of crypto casinos at a time when the U.S. Securities and Exchange Commission has sued the world’s largest exchanges Binance and Coinbase. It’ll be very useful for policymakers but there’s also this general feeling, what’s blockchain good for and what problems does it solve, and this is hopefully an answer to that in a general way.