I had a real experience that perfectly reflects the research presented here (safer ledgers useful, blockchains are not). I accidentally got wrapped up in a project to automate some HR functions, and the product manager demanded that it must be blockchain because blockchains are the future. It turns out that append-only databases are well-suited for HR records, and (especially when dealing with things like background…
AWS and Blockchain
121–130 of 724 posts
Re: AWS and Blockchain
#122Earlier quoted context omitted.
That's not the full story, certificate transparency logs (and many other applications) achieve that without using a blockchain.
This is true as long as you trust the issuer of the transparency log to not go back and re-write the history of the log. That's a trust assumption that most folks are fine with, but it should be explicitly be understood to be there. A blockchain takes that trust assumption and spreads it out amongst the social consensus of the chain, so re-witing of history could only occur if there is a consensus to do so.
Re: AWS and Blockchain
#123I am reminded of the Web, Amazon was the first company to really "get" e-commerce and made all the money - there will likely be a similar story with blockchains 10 years from now.
Re: AWS and Blockchain
#124Specific technologies have specific applications. Blockchains in general - immutable history. Crypto blockchains - consensus in untrusted environment. Just use given technology for what it’s designed for, and stop being full of yourself.
Re: AWS and Blockchain
#125Everyone uses Git by day and then moans how blockchain in not useful by night. Specific technologies have specific applications. Blockchains in general - immutable history. Crypto blockchains - consensus in untrusted environment. Just use given technology for what it’s designed for, and stop being full of yourself.
Do you?
Re: AWS and Blockchain
#126Everyone uses Git by day and then moans how blockchain in not useful by night. Specific technologies have specific applications. Blockchains in general - immutable history. Crypto blockchains - consensus in untrusted environment. Just use given technology for what it’s designed for, and stop being full of yourself.
> Just use given technology for what it’s designed for, and stop being full of yourself.
The point is that there has been hype after hype after hype about "blockchain" revolutionising damn near everything for years and so far it has failed to deliver on this. It's not wrong to call the phenomenon out for what it is.
Re: AWS and Blockchain
#127Yes - it is a solution to the problem of power and corruption. In India there is corruption at all levels of government. The wealthy and powerful could absolutely influence some levels and steal land. Even petty regional criminals are able to do it. It has happened to my own family - imagine the odds. 1 billion people here, and I read this article and even I can personally relate to the issue of stolen land.
A blockchain that stored GPS coordinates and could realistically withstand a 51% attack, would solve the problem in my view. Are there other architectures that can also solve this problem? No doubt. Is the blockchain solution perfect? No it isn't.
Re: AWS and Blockchain
#128Blockchains are an incredible technology. It is obvious that their first attempted uses are contractual and monetary, because blockchain guarantees can make things better fastest in those arenas. The unfortunate part is it doesn't seem like anyone has really figured out the how yet. I am reminded of the Web, Amazon was the first company to really "get" e-commerce and made all the money - there will likely be a simila…
Re: AWS and Blockchain
#129Earlier quoted context omitted.
> The whole proof-of-work, decentralization, ledger, ... are in no way necessary steps in this. If you know of a ledger that's (1) permissionless and (2) avoids the double-spending problem and (3) _does not_ involve those things you mentioned ...then please, do tell me about it. I'd love to know your breakthrough solution.
Ethereum's Proof of Stake?
Re: AWS and Blockchain
#130Proof-of-Waste :) Anyone got a good one for Proof-of-Stake.