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a tl;dr on what it is might be helpful? I'm afraid I don't quite understand what your product is after looking at the web site.
by chadcmulligan 9y ago
a tl;dr on what it is might be helpful? I'm afraid I don't quite understand what your product is after looking at the web site.
- malux85 9y agoI know it’s not very good explanation, the site was put up quickly before we pitched to a large government contract and it was aimed at them and not a casual reader. New site coming soon with examples and a demo. It’s a generic asset management platform - so one current use case is tracking the movement of goods through a supply chain, and also recording transactional history in an industry that is currently full of corruption and tax avoiders. Having an immutable transaction record that’s publicly visible is the correct usage of blockchain and it solves this problem very well. We are talking about amounts that are so large, this system will likely be regulated by the government. Another current use case is tracking physical (and very valuable) assets - again the use case is an immutable pubic record. The immutability is key - sure you could Store this data in a database, but the problems we are solving are the fact that when you have a single entity running a database then at a certain level of wealth you’re practically guaranteed corruption or unethical behaviour. This is the reason we use blockchain - blockchain has a good use case for avoiding the corruption that massive centralised systems are often plagued with