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by dmitriid
2574 days ago
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So. I, person A, am putting a part up for sail with "omitted details like final prices or provenance documents." How does blockchain solve this problem? I, person B, am buying that part. Then I'm putting it up for sale again with a different set of details and provenance documents (because I'm a fraud or because I don't have any other documents). How does blockchain solve this problem? |
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But what a blockchain can do is model parts as tokens that can only exist once on the chain, associate data like provenance documents with each token, then model sales as transfers of the token. Finally, it can do all that in a way that you don't have to trust any single entity (though you might have to trust the consensus of a large number of entities; this is better because pressuring many entities to lie is much harder than pressuring one to lie).
Whether this particular blockchain uses that design is a separate question. I agree that if your trust model isn't distributed, a simple database will usually be better.