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What's the point of having a centralised blockchain? As far as I understand the thing that sets blockchain apart from the traditional data systems is that each

What's the point of having a centralised blockchain? As far as I understand the thing that sets blockchain apart from the traditional data systems is that each participant maintains, calculates and updates new entries into the data system. All nodes work together to ensure they are all coming to the same conclusions. But in this case Google cloud will serve as the master whilst everyone else is a client which is just the same thing as a traditional data system. Correct me if I'm wrong

thinkingkong 8y ago
If blockchain is truly useful as a component in building new tech then it makes sense the big providers would productize it. Doing so doesnt prevent any distribution from occurring but managing loads of your own infra is literally what these teams are trying to help you do.
all_blue_chucks 8y ago
> What's the point of having a centralised blockchain? It allows execs to do something other than stammer when investors ask them what their "blockchain strategy" is. It also allows them to be "AI-first, Mobile-first, and blockchain-first" all at the same time.
Xakdra 8y ago
Another question that seems to be avoided whenever I ask professionals is the usage of the blockchain. I personally do not see it's practical application beyond its use in crypto currency or other financial related use cases such as validation of user purchase histories. But what else is there for the tech? Looking for some insight.
- hanniabu 8y ago
  It can be used anywhere there's a middleman/ intermediary or where trust is required.
  - jonny_eh 8y ago
    I guess I'm just not creative enough to think of what that might be, if not money.
  - dev_dull 8y ago
    There are plenty of solutions to middlemen. Usually they exist not because of technical limitations but because of other reasons (see car dealerships).
  - JustFinishedBSG 8y ago
    > where trust is required. Blockchains don't solve the trust problem at all. Except if none of the trust problems you have interact somehow with the material world
    - gibsons77 8y ago
      That's the only thing blockchains solve is the decentralization of trust. Oracles provide a bridge, and it is possible to make trusted decentralized oracles.
- babaeth 8y ago
  Look into Golem and Brave/BAT, they are great examples of other use cases than crypto currencies.
JustFinishedBSG 8y ago
> What's the point of having a centralised blockchain? Extracting money from VCs

thinkingkong 8y ago

If blockchain is truly useful as a component in building new tech then it makes sense the big providers would productize it. Doing so doesnt prevent any distribution from occurring but managing loads of your own infra is literally what these teams are trying to help you do.

all_blue_chucks 8y ago

> What's the point of having a centralised blockchain? It allows execs to do something other than stammer when investors ask them what their "blockchain strategy" is. It also allows them to be "AI-first, Mobile-first, and blockchain-first" all at the same time.

Xakdra 8y ago

Another question that seems to be avoided whenever I ask professionals is the usage of the blockchain. I personally do not see it's practical application beyond its use in crypto currency or other financial related use cases such as validation of user purchase histories. But what else is there for the tech? Looking for some insight.

hanniabu 8y ago
It can be used anywhere there's a middleman/ intermediary or where trust is required.
- jonny_eh 8y ago
  I guess I'm just not creative enough to think of what that might be, if not money.
- dev_dull 8y ago
  There are plenty of solutions to middlemen. Usually they exist not because of technical limitations but because of other reasons (see car dealerships).
- JustFinishedBSG 8y ago
  > where trust is required. Blockchains don't solve the trust problem at all. Except if none of the trust problems you have interact somehow with the material world
  - gibsons77 8y ago
    That's the only thing blockchains solve is the decentralization of trust. Oracles provide a bridge, and it is possible to make trusted decentralized oracles.
babaeth 8y ago
Look into Golem and Brave/BAT, they are great examples of other use cases than crypto currencies.

JustFinishedBSG 8y ago

> What's the point of having a centralised blockchain? Extracting money from VCs