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by pfftcst 3129 days ago
I've always wondered about this- all the hype about 'Blockchain'. Can you explain this a little bit more? How do you have a blockchain without bitcoin/ether or at least mining? Isn't that just a glorified database? What does a (I assume centralized) blockchain do for your company that a database or any type of electronic ledger cannot do?
4 comments
merrickread 3129 days ago
Yes, right now it is completely a glorified database. It's always been a database. It's a different database.

We're using it for compliant sharing of and collaboration on private information records between non trusting organizations and businesses. You could do this with something like a highly distributed Cassandra cluster. But some of the inherent rules to a blockchain allow us to provide higher security, higher data persistence and availability between nodes, auditable records, and accountable participants / contributors.

And it's not centralized, it's completely distributed - just not publicly available to anyone who can download a mobile app.

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ufo 3129 days ago
If there is no mining isn't this just like git and other systems that use merkle-trees under the hood?
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merrickread 3129 days ago
This does a pretty good job of explaining the differences if you're curious: https://medium.com/@philippsandner/comparison-of-ethereum-hy...
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TazeTSchnitzel 3129 days ago
how to get people to care about your computer science work

1. s/Merkle tree/blockchain/

2. there is no step 2

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imtringued 3128 days ago
It's a database that is designed to be very expensive to update but easy to verify. If someone still manages to update it with an invalid state other nodes will validate the new block and not accept it.
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acangiano 3129 days ago
The trouble with blockchain is that the technical discussion is often overshadowed by investment narrative. If you'd like to learn more about the actually useful applications of the technology beyond "the future of money", research Hyperledger and smart contracts. We recently launched a free introductory course on the subject of blockchain if you are interested in the business use case: https://cognitiveclass.ai/courses/blockchain-course/
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