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> For any other conceivable use case, a database and a contract between parties are a superior solution. Only if that contract is reasonably enforceable and al
by BjoernKW 8y ago
> For any other conceivable use case, a database and a contract between parties are a superior solution.
Only if that contract is reasonably enforceable and all parties involved trust the party that controls the database - if there's such a single party controlling the database at all.
The most compelling use case in terms of supply chain management doesn't necessarily involve storing data from sensors or other IoT devices. It's doing away with the paperwork (customs documents, bills of lading, for example) involved in shipping physical goods and the friction it causes: https://www.maersk.com/en/news/2018/06/29/maersk-and-ibm-introduce-tradelens-blockchain-shipping-solution https://www.maersk.com/en/news/2018/06/29/maersk-and-ibm-int...
I'm not sure if this is still the case but some time ago I read about an example where the paperwork involved in shipping a 20 ft container from Shanghai to Rotterdam was more expensive than the actual physical shipment of the container.
A blockchain solution could potentially help with reducing that cost. A simpler, database-based solution of course could do, too. However, there are numerous parties involved in the process not all of whom necessarily trust each other. A blockchain-based infrastructure could provide a common protocol everyone can agree on.