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A comment on Daiwa to adopt blockchain for Myanmar stock trading. Parent comment

Re:Daiwa to adopt blockchain for Myanmar stock trading by icebraining on Sunday November 06, 2016 @07:18AM (#12884773)
Yeah, every invoicing software in my country hash chains the documents for validation purposes (it's a requirement for SAF-T[1]), yet we don't call it a "blockchain".

[1] https://en.wikipedia.org/wiki/SAF-T

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Re:Daiwa to adopt blockchain for Myanmar stock trading by forgotpwtomain on Sunday November 06, 2016 @08:22AM (#12884942)
Because there are no blocks, no transaction ordering and no distributed consensus?
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Re:Daiwa to adopt blockchain for Myanmar stock trading by icebraining on Sunday November 06, 2016 @10:31AM (#12885485)
A block is just a structure with a set of transactions, a date and the hash of the previous block. SAF-T has all that, except the "blocks" have a single transaction. Transaction ordering is provided by the chain of hashes - each record/block links to the previous, just like in the Blockchain.

There is no distributed consensus, but that's the point - there doesn't seem to be here either.

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