Tagged: distributed ledgers
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.
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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.
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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.
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In the context of data security, the immutability of data stored on blockchains is important. What do people mean when they say “Blockchains are immutable”? In this post I try to explain the key concepts. It...
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Smart contracts can be thought of as “automated trustworthy workflow between parties without a central specific co-ordinator.”. Here’s how I think about them.
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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”.
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