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I think there may be some good uses for public immutable records that can be verified as a chain. But none of that requires distributing the block chain.
by alkonaut 5y ago
I think there may be some good uses for public immutable records that can be verified as a chain.
But none of that requires distributing the block chain.
- smcameron 5y agoIsn't distributing it the means by which it's made immutable? i.e. you can't mutate it unless you control at least half the network?
- alkonaut 5y agoA centralized blockchain can be a publicly readable ledger that is still only writable by trusted parties. A git repo works in a similar way. For example: a bank uses a public ledger to store all transactions. If a mistake is made, they can correct it, but not by removing/changing the past transaction, only by adding another transaction to the chain which corrects it. Everything is transparent to observers, but obviously I can’t mutate my own account balance without transfering money to my account. The major drawback of these write-only ledgers is the same as in git: if you accidentally write a secret to the chain, it’s there forever.
- mimixco 5y agoThis, exactly! Our product offers and outside blockchain for verification but that's not necessary for the product's function. It's just a "block chain of records" that is useful to keep separately from the documents itself, often in a third party location. In our case, the use is for tracking editing and collaboration in text documents on a word-by-word, sentence-by-sentence basis.
- worik 5y agoIt does not require a block chain, period