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Let me know if any of the articles below serves the purpose better for you. https://medium.com/@jpa_of_snc/blockchain-the-revolution-will-be-decentralised-8371

Let me know if any of the articles below serves the purpose better for you. https://medium.com/@jpa_of_snc/blockchain-the-revolution-will-be-decentralised-8371952ff076 https://medium.com/@jpa_of_snc/blockchain-the-revolution-wil... https://medium.com/@jpa_of_snc/ethereum-the-machinery-of-change-60de08222480 https://medium.com/@jpa_of_snc/ethereum-the-machinery-of-cha... edit: at least you could read the definition of cryptoeconomics....

sho 9y ago
I've looked at that first article before. Nearly every single example listed could be done with a standard DB and/or required centralised trust. The author of the article doesn't appear to have put two and two together that if the land registry in Ghana wants a centralised public DB then obviously only the land registry itself should ever be allowed to write to that DB and why on earth do you need a massive, slow public network that the registry would need to pay to use just to confirm that it was in fact the land registry when it could just use a private key? I do however think blockchains are an excellent, useful concept. Verifiable, non-repudiable, write-only audit logs are a fine idea and I can think of many uses for them. I've never heard a reason why they need to be run on inefficient, unscalable, power-hungry, untrusted, adversial public networks, however.
- decentralised 9y ago
  So, for transparency... I'm the author of both articles. It's true that they could be done with a standard DB which would be managed like most of the other public / government IT throughout the developing world. The key to understanding the use cases is to look at the blockchain capabilities one by one and see where Ghana benefits from having a hard to modify public database. If there is any subject that you would like to see developed or answered feel free to let me know. I usually write my articles as a way of responding to FAQ I receive in my consulting business.
  - sho 9y ago
    > Ghana benefits from having a hard to modify public database I am very much on board with that idea. I work in finance and write-only is practically a law. I just don't see why you need ethereum to implement it; in fact it seems a terrible, overly complicated way to do it. It is good though that the blockchain hysteria is inspiring governments to think about these concepts though. On your disclosure - despite my criticism they are good articles and do get one thinking.
    - decentralised 9y ago
      So, I've worked in finTech for 20 years before changing careers to focus on Blockchain in general and Ethereum in particular, so I'm biased when I see the possibilities of an internet-of-agreements as well as mechanism design and cryptoeconomics in general as complements for real-world policy making and governance. This to say, we could debate the relative merits of any solution so I'll simply say that transparency is a powerful tool in most government use cases. Ethereum was just a tool. Thank you for the compliment!

sho 9y ago

I've looked at that first article before. Nearly every single example listed could be done with a standard DB and/or required centralised trust. The author of the article doesn't appear to have put two and two together that if the land registry in Ghana wants a centralised public DB then obviously only the land registry itself should ever be allowed to write to that DB and why on earth do you need a massive, slow public network that the registry would need to pay to use just to confirm that it was in fact the land registry when it could just use a private key? I do however think blockchains are an excellent, useful concept. Verifiable, non-repudiable, write-only audit logs are a fine idea and I can think of many uses for them. I've never heard a reason why they need to be run on inefficient, unscalable, power-hungry, untrusted, adversial public networks, however.

decentralised 9y ago
So, for transparency... I'm the author of both articles. It's true that they could be done with a standard DB which would be managed like most of the other public / government IT throughout the developing world. The key to understanding the use cases is to look at the blockchain capabilities one by one and see where Ghana benefits from having a hard to modify public database. If there is any subject that you would like to see developed or answered feel free to let me know. I usually write my articles as a way of responding to FAQ I receive in my consulting business.
- sho 9y ago
  > Ghana benefits from having a hard to modify public database I am very much on board with that idea. I work in finance and write-only is practically a law. I just don't see why you need ethereum to implement it; in fact it seems a terrible, overly complicated way to do it. It is good though that the blockchain hysteria is inspiring governments to think about these concepts though. On your disclosure - despite my criticism they are good articles and do get one thinking.
  - decentralised 9y ago
    So, I've worked in finTech for 20 years before changing careers to focus on Blockchain in general and Ethereum in particular, so I'm biased when I see the possibilities of an internet-of-agreements as well as mechanism design and cryptoeconomics in general as complements for real-world policy making and governance. This to say, we could debate the relative merits of any solution so I'll simply say that transparency is a powerful tool in most government use cases. Ethereum was just a tool. Thank you for the compliment!