Difference between revisions of "Blockchain"
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==Problems== | ==Problems== | ||
| − | + | * The current problem that many architects are fixated on solving relate to the concentration of user information in a small number of very large companies. | |
| − | + | * There are some [https://en.wikipedia.org/wiki/Proof-of-stake efforts to reduce the power consumption]. If those work, it looks like the solution will just be some other trust framework, but with a different name. For example the proposal of Hardjono et al.<ref>Thos Hardjono, +2 ''Towards a Design Philosophy for Inter-operable Blockchain Systems | |
'' MIT May 16, 2018 [https://arxiv.org/pdf/1805.05934.pdf]</ref> goes to a resilient system like the internet, which is, of necessity, single rooted even though nearly all components can work independantly for a time, just as the internet itself functions today. | '' MIT May 16, 2018 [https://arxiv.org/pdf/1805.05934.pdf]</ref> goes to a resilient system like the internet, which is, of necessity, single rooted even though nearly all components can work independantly for a time, just as the internet itself functions today. | ||
Revision as of 16:17, 12 December 2018
Full Title or Meme
Block Chain will solve all problems, provided you have the energy of a small sun available to power it.
Context
The technology for Block Chain itself has been around for at least 20 years. It was even commercialized by Bellcore
Problems
- The current problem that many architects are fixated on solving relate to the concentration of user information in a small number of very large companies.
- There are some efforts to reduce the power consumption. If those work, it looks like the solution will just be some other trust framework, but with a different name. For example the proposal of Hardjono et al.[1] goes to a resilient system like the internet, which is, of necessity, single rooted even though nearly all components can work independantly for a time, just as the internet itself functions today.
Solutions
- ALGORAND the block chain for business https://medium.com/algorand
