Blockchain – The Silver bullet?
Although a few months old, this posting from Gideon Greenspan over on MultiChain which I previously linked to on the usual social networks, offers some good direction on why blockchain possibly isn’t the solution for every project going forwards.
The rules for a project to use blockchain:
- Multiple writers
- Absence of (writer) trust
- Transaction interaction
- Set the rules
- Pick your validators
- Back your assets
Or maybe in summary, a shared database distributed over nodes accessed by multiple non-trusting writers who’s transactions interaction, that are independently verified and processed by every node, constrained by a set of rules held on each node, and validated by a consensus scheme, backed by an appropriate body.
that can modified directly