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by buckie 2996 days ago
It's a fair read, the private blockchain market is underserved/misserved by the "widely" used platforms (IBM Fabric/R3 Corda). The thing that most everyone misses (including IBM and R3) is that the point of a private blockchain isn't the blockchain... it's smart contracts.

REST APIs + a DB can replace most "private blockchains as a time-stamper" usecases but here's the thing they can't do: replicate and trustlessly execute user logic. It's almost like you said _we're fixing SQL injection by making it irrelevant and making SQL into a full language_.

The blockchain itself just provides the trustless/high assurance substrate to then have trustless logic execution.

1 comments

I feel like most meaningful contracts probably already involve some level of trust though - so it's not much of a stretch to add a little more.