Customers put trust in us to run the front end, but the verification layer of the blockchain is still maintained by a distributed consensus and we won't be able to tamper withthat. So there is still a small amount of trust with DigiBuild, but much less than any normal database....If DigiBuild died tomorrow, customers would lose the front end functionality but still have the previous data and protections around that data in place on the blockchain and they could interact with it via a block explorer. In the future we will look to fully decentralize once the market and technology (ETH, AVA,etc..) So not fully trustless but trust minimized which allows more efficient transactions between these parties.
That’s a great explanation. It’s why the DMV uses AWS QLDB to track vehicle ownership. I think data that is highly valuable and transactional, and/or highly contestable, is a great fit for blockchain/ledger storage. There’s business continuity elements at play as well. It will get more popular over time.
Quite the opposite in the current venture world. Proving blockchain is a key element because there have been so many bad use cases that slapped blockchain on and tried to raise (hello many ICOs). Might've been true a few years ago but now blockchain makes many skeptical.