Daniel Buchner wrote a very interesting blog post a few days ago. In it, he says that
Most non-monetary blockchain use-cases can be accomplished off-chain using a combination of blockchain-anchored identity, cryptographic signatures, and traditional storage systems – all while retaining the features developers desire and avoiding the scalability issues of on-chain transactions.
This idea of “blockchain-anchored identity” is what I presented at TechDaysMunich 2016, where I had been invited to talk about identity and the Internet of Thing. Naturally, I couldn’t resist using the example of my pants get the audience to think about some of the key concepts (although I did put in some new jokes). Anyway, the slides are here if you are interested:
As an aside, I have to say that TechDaysMunich was a novel event. First of all, it was held on what appeared to be a Herzog film set:
I was honoured to be the keynote speaker. I had no idea that they would have a band on stage playing before I was invited up. Very fun and very different!
But back to the point of this post. I told the audience… well, you can see here.
So what does putting pants on the blockchain actually mean? Well, like Daniels says in his article, I think means link the mundane entity to a virtual identity (via a serial number or some other attribute or collection of attributes).