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They are using a private Blockchain. This means a blockchain where to participate you need to be approved by a single party or a consortium. In my opinion if
by ianpurton 10y ago
They are using a private Blockchain.
This means a blockchain where to participate you need to be approved by a single party or a consortium.
In my opinion if your blockchain is private then you might be better off using an existing database technology centrally controlled and allowing people to participate via an API. Expecting people to install Blockchain nodes locally to participate in this scheme might be expecting too much.
The problem is that when software updates are required, which they will be, you have the job of coordinating updates across a node infrastructure installed in many companies and locations. If it goes wrong you have a chain split.
Another problem is that the people who recommend or buy into the Blockchain hype might not have the skills to properly asses it's appropriateness to certain business cases.
- INTPenis 10y agoAre you saying that the very use of a block chain is too complex to be deployed by one IT-operational department at a large scale without issues? Just trying to clarify what you mean.
- tdb7893 10y agoI'm under the impression that he was saying that it's harder to manage and has little benefit. I'm sure they could but it seems kinda silly
- deleted 10y ago[deleted]
- ionwake 10y agoCan you explain how the update process would be different inthis case for nodes, as opposed to for updating nodes on a public blockchain? Thank you