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Absolutely not. At the moment, he has some containers full of rocks with paper work that says "copper". Put it on the blockchain, and you'd have some containe
by Lazare 6y ago
Absolutely not.
At the moment, he has some containers full of rocks with paper work that says "copper".
Put it on the blockchain, and you'd have some containers full of rocks with paper work on the blockchain that says "copper".
That's not really any worse, but it's sure not better...
What would help is better physical security and a really thorough chain of custody. Unfortunately, those are hard; that's the solution the trader tried to use and got burned. And blockchains aren't going to be any help here. Cryptographically verifiable claims that your container is meant to contain copper don't help if someone took an angle grinder to the lock and swapped it for rocks, and a chain of cryptographically verifiable claims showing it was meant to contain copper at every step of it's journey don't tell you where the thieves struck.
Or in shorter form: You can't put copper on the blockchain; all you can do is put peper work on the blockchain, which is vastly less useful.
- junon 6y agoI appreciate this comment, I do, but I would sincerely hope GP was cracking a joke. I really hope.
- jfengel 6y agoA blockchain could, I suppose, do something to guarantee the identity of the individuals, so you can track them down if something goes wrong. But they already seem to have that much, in that TFA says that over a dozen people have been arrested. As much as I'm sure the trader would rather have had the supplies, the next best thing is to ensure that they don't get to do that a second time. Stupid criminals might be worse for the economy than smart ones. Smart ones are limited in the damage they can cause by restricting themselves to harms that don't also harm them. Stupid ones can do any damage at all, with no limits.