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Doomed to be subsumed by whichever Chain-of-Custody/Certification-of-Origin blockchain project wins out in the long run. And there are lots of them -- this is a
by mikro2nd 9y ago
Doomed to be subsumed by whichever Chain-of-Custody/Certification-of-Origin blockchain project wins out in the long run. And there are lots of them -- this is an obvious and compelling use of the technology. It's just a case of waiting to see which solution dominates, but I'm pretty certain it WON'T be a proprietary or vendor-owned blockchain since that violates the very thing a blockchain solution brings to the table -- trustless verification.
- pjc50 9y agoI'm not sure; it doesn't seem obvious that the certification chains of unrelated products should be on the same blockchain, and it doesn't seem obvious that users of this system will want to pay the high energy prices of proof-of-waste.
- mikro2nd 9y agoSeems to me that once you've solved the problem, applying it across a variety of unrelated products is an easy thing to do, with the advantage that your solution is already proven, has gained some traction in another sector and is not something new and untried. It's one of those things where the first one to win is likely to win big (unless they fuck it up along the way somehow.) Not sure how your comment on PoW applies, though (despite agreeing with you.) Plenty of the solutions in developments are using PoS/other/hybrid consensus mechanisms.