Re:Coco: Framework for enterprise blockchain networks
by floatrock on Thursday August 10, 2017 @02:28PM
(#14982661)
> It seems like a bit of cloak & dagger tomfoolery where the blockchain is just being implemented behind-the-scenes on a specified collection of servers
The key is who is running that "specified collection of servers". If they're all yours, then yeah, there's no advantage to just running your own sql-ish cluster.
However, what if now your p2p miner pool includes a few machines run by your regulator? Yes, your business logic endpoint nodes are participating in a one-way fashion, but their transactions are now being automatically logged by the regulator (regulator doesn't need to know what the underlying business logic is, just that the reportable transaction results are being logged in the blockchain they're part of). Something like a third of financial firms' business is around reporting requirements.
Or consider a large supply chain... again the miners aren't just one company, it's everyone in the supply web or the consortium. Allows for coordination without necessarily being open to the public.
The key is who is running that "specified collection of servers". If they're all yours, then yeah, there's no advantage to just running your own sql-ish cluster.
However, what if now your p2p miner pool includes a few machines run by your regulator? Yes, your business logic endpoint nodes are participating in a one-way fashion, but their transactions are now being automatically logged by the regulator (regulator doesn't need to know what the underlying business logic is, just that the reportable transaction results are being logged in the blockchain they're part of). Something like a third of financial firms' business is around reporting requirements.
Or consider a large supply chain... again the miners aren't just one company, it's everyone in the supply web or the consortium. Allows for coordination without necessarily being open to the public.