Earlier quoted context omitted.
Decentralization is critical to cryptocurrencies, but that's just one use case on top of an entire blockchain ecosystem. Not all blockchains need to be decentralized, and not all blockchains are cryptocurrencies. This specific instance grants assurance that neither Walmart or anyone in-between is tampering with the database.
>This specific instance grants assurance that neither Walmart or anyone in-between is tampering with the database. We've had this discussion a billion times before on HN so I'll avoid a huge wall of text but it always boils down to the same conclusion: blockchains (as in bitcoin) are about being completely decentralized and trustless. It's an "and" not an "or", if you remove one of these imperatives they're completel…
You're completely right, but I want to point out something subtle that I almost missed. For something to be considered a blockchain, it does not have to be distributed (as you noted). There can be a centralized entity (Wal-Mart) controlling the blockchain, but like you said, a controlling entity takes away trust. Without trust, Wal-Mart can still verify any tampering, but the public would still have to trust that Wal-Mart is coming forward with any discrepancies.