Re:Fidelity CEO Abigail Johnson says the company is mining c...
by wslh on Friday September 29, 2017 @06:42AM
(#15364150)
A lie has short legs: if you dive into private blockchain projects you will realize they are mostly proof of concepts.
This is not to say that ideas behind consensus, security, and smart contracts are not useful but you need to start with a concrete problem instead of adapting a fixed solution.
Having said this, it is interesting to explore a pluggable way to make agreements between parties and follow defined workflows for interoperability. The main barrier with implementing this idea is not technical but political since it is difficult to create agreements about this architecture between companies (e.g. banks).
This is not to say that ideas behind consensus, security, and smart contracts are not useful but you need to start with a concrete problem instead of adapting a fixed solution.
Having said this, it is interesting to explore a pluggable way to make agreements between parties and follow defined workflows for interoperability. The main barrier with implementing this idea is not technical but political since it is difficult to create agreements about this architecture between companies (e.g. banks).