Please Believe My Database
I was reading Matt Levine’s Money stuff today and was struck by a thought. He writes: “A national customs agency, for instance, might be happier approving shipments on an auditable open blockchain than in...
I was reading Matt Levine’s Money stuff today and was struck by a thought. He writes: “A national customs agency, for instance, might be happier approving shipments on an auditable open blockchain than in...
Notes on Epicenter 151 – Ian Grigg’s Ricardian contracts and digital assets prehistory. Notes on Chaumian e-cash, DigiCash, digital tokens, 7 layers of financial cryptography, Ricardian contracts, smart contracts, bitcoin, consensus etc!
Blockchains are being considered as a Know-Your-Customer solution. What does this really mean and are blockchains really appropriate?
Given that a blockchain is meant to replace a trusted external third party, or is meant to create trust between entities who don’t fully trust each other, an internal blockchain seems a contradiction in terms… At this stage of the development of the technology a legitimate answer to the question “Why use a blockchain?” may actually be “Why not?”
People use the term ‘blockchain technology’ to mean different things, and it can be confusing. This article is a gentle introduction to blockchain technology and assumes minimal technical knowledge. It attempts to describe “what it is” rather than “why should I care”.