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> why on earth would I store my data on there, encrypted or otherwise? Why would I want random people carrying out business critical computation for me? Well,
by iSnow 6y ago
> why on earth would I store my data on there, encrypted or otherwise? Why would I want random people carrying out business critical computation for me?
Well, I am working in big old industry outside the USA and we just bought a data ingestion solution from... Palantir! The NSA company which is basically a spy arm of the US government.
If it saves a buck, companies will do way dumber things than move to blockchain in an instant.
Also, storing data on the BTC or ETH chains isn't economically feasible - there are chains especially for that and usually, you just store the SHA-256 hash of your data on chain to prove authenticity while storing the data off-chain.