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> Some examples IMHO are logs of participation (e.g. voting), agreements (e.g. contracts), exchange (e.g. payments), and auditing (e.g. compliance). many of th
by peoplefromibiza 5y ago
> Some examples IMHO are logs of participation (e.g. voting), agreements (e.g. contracts), exchange (e.g. payments), and auditing (e.g. compliance).
many of these things require privacy (and/or secrecy), which blockchain cannot guarantee (nor offer)
a private blockchain is simply a slower centralized database
> which requires the participants must trust the central administrative entity to be truthful, unbiased, secure, and with sufficient high availability and disaster recoverability.
that is exactly how voting, agreements (e.g. contracts), exchange (e.g. payments), and auditing (e.g. compliance) work.
You trust the regulator/intermediator/notary/government/bank etc.
- bornfreddy 5y ago> many of these things require privacy (and/or secrecy), which blockchain cannot guarantee (nor offer) Note that not everything needs to be public. One can (and in many cases should) save the transaction details in a private chain (or database for that matter) and publish only its signature publicly, so that any change can always be detected. But of course there still need to be the usual society safeguards present, otherwise no technical mean will solve anything.