waynevaughan

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by waynevaughan 10y ago
Article author here. Wow was I surprised to see this on Hacker News! It's my view that decentralized systems will almost always be less efficient than centralized systems. This is because centralized systems can organize information in
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by waynevaughan 10y ago
"That may indeed be beneficial, but isn't the panacea that is being touted." We agree. That's the primary conclusion of the report.
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by waynevaughan 10y ago
Part of the challenge is that the word blockchain is misused. Here's a quote from the first page: “…the term ‘blockchain’ has been so misappropriated that no one knows what it means anymore.” – Elaine Ou, Bloomberg People are using bl
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by waynevaughan 10y ago
No one is advocating putting medical records on the blockchain. That's crazy. He's talking about using a technology like Tierion or Chainpoint to anchor a hash of the data in the blockchain. This can be used to verify the integri
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by waynevaughan 10y ago
Thanks for reading the report. This last weekend there was the first Blockchain Healthcare conference where blockchain was pitched as a panacea for a wide spectrum of healthcare problems. https://godistributed.com/health&#x
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by waynevaughan 10y ago
I'm not Chris Derose, but I play him on TV.
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by waynevaughan 11y ago
Bitcoin is a bearer asset. If you have the private keys, you can spend the Bitcoin. Blockchain based digital assets require a middleman to confer ownership of a physical asset based on what's on the blockchain. This creates all sorts
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by waynevaughan 11y ago
The insurance companies are relying on an outside network of vendors. They are currently exchanging data using FTP/email and .CSV files. The usual controls for compliance, data-integrity, and fraud prevention are not in place. Our so
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by waynevaughan 11y ago
Disclaimer: I designed the Factom Explorer and played a significant role in the launch of Factom. That's a big question. Here are a few points: 1) Tierion does not require an altcoin. Factom does. 2) Tierion is a working product with p
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by waynevaughan 11y ago
The data is not stored in the blockchain. Instead, Tierion generates a blockchain receipt for each record, which provides irrefutable proof that your data was recorded in the Bitcoin blockchain. Anyone with this receipt can verify the times
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by waynevaughan 11y ago
Tierion Founder here. Very cool to see us on Hacker News! Here's a real world example: We recently won the Coindesk hackathon by building an insurance claims processing application that creates an audit trail for the claims process by
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by waynevaughan 12y ago
Thank you! Compliments like this makes all those long nights we spent working worthwhile!