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As I understand it, the central point is that the audit log is tamper proof. E.g. consider what happens in the event that Chinese government officials followed
by redcalx 9y ago
As I understand it, the central point is that the audit log is tamper proof. E.g. consider what happens in the event that Chinese government officials followed a trail, found the culprits, and discovered a scam orchestrated by a high ranking government official. There is the possibility of conveniently destroying the audit and/or modifying it to implicate some innocent party.
If the audit is hashed and the hashes placed on the/a blockchain, then the audit cannot be modified without it becoming obvious.
- UncleMeat 9y agoIs tamper proof that much better than just being auditable? If you can detect tampering don't you achieve the same thing?
- redcalx 9y agoDepends what you mean by auditable. Not only is the blockchain tamper proof but it is also a public record. So with traditional audit trails even if there are multiple copies you could still have the government seize or modify all copies. With the blockchain any such attempt at a cover up just isn't possible - once you've chosen to publish data publically and in a tamper prof way that suppresses calls of 'fake news!'. So in that respect the choice to use the the blockchain can be seen as a genuine attempt to prevent corruption rather than paying lip service.