Bits on Blocks - Thoughts on blockchain technology
2016 was the year of creating frameworks and filters to determine if a business problem was worthy of a blockchain-based solution. Often, the frameworks would declare inappropriate potential use cases as ripe for blockchaining, as the...
Currently a number of central banks around the world are exploring two things: A decentralised interbank payment system A central bank digital currency Though often conflated, these are slightly different concepts. You can decentralise...
In May 2017, the Indian Centre for Internet and Society think tank published a report detailing the ways in which India’s national identity database (Aadhaar) is leaking potentially compromising personal information. The information relates...
There is a lot of misleading commentary about smart contracts, leading to confusion about what they are and what they can do. Here are three of the most common myths that I have noticed. This...
Following on from the “Blockchain is a solution looking for a problem” narrative of 2016, distributed ledger technology has evolved. Distributed ledgers – databases with shared control over what and how data is added...
A blockchain is a type of distributed ledger. But new distributed ledgers are emerging. These are databases where control over the data’s evolution is shared between entities. Here’s a handy cheatsheet.
This short post is inspired by a conversation I had recently with a couple of finance professors from top business schools who had some questions about blockchains.
In the context of distributed ledgers, the difference between shared data and shared control of data is crucial. This post discusses: Sharing of data vs shared control of data; Control of data by rules vs by power;
Enforcement of rules by participants.
Bits on Blocks by Antony Lewis is licensed under CC BY-SA 4.0
