Reading through the spec, there is something eerily familiar with the key directory implementation. Quoting: Alice will obtain a proof from the Key Directory that demonstrates that the data is in the permanent append-only log, and then just encrypt to it. Within the message to send to Bob, Alice includes a super-compressed version of the Key Directories that fits in a 140 characters (called STHs which stands for Sign…
The real innovation in the "blockchain" was using proof of work in combination with the Merkle tree in order to enforce a single history. Take that away and yes, it looks alot like Git. :)