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Re:Big Banks Are All Over Blockchain by shepardrtc on Wednesday December 27, 2017 @03:35PM (#16017809)
An optimistic answer would be that blockchains are highly scalable, trustworthy systems of record that provide a number of benefits over a traditional database.

A pessimistic answer would be that blockchains are the latest buzz tech.

Re:Big Banks Are All Over Blockchain by canoebuilder on Wednesday December 27, 2017 @04:16PM (#16018103)
I like that dichotomous approach, but are those two in balance?

What makes it more scalable than a database when a characteristic is a redundancy of copies beyond what would reasonably be needed for sufficient backup? What makes it anymore trustworthy than a database with only trusted actors authorized with write access?

The trustful, or verifiable aspects of a blockchain come as a side-effect of independent actors competing for a financial reward. How does one replicate that dynamic in a single organization? Why would one bother trying?

a number of benefits over a traditional database

A blockchain doesn't provide a number of benefits over a traditional database.

A database isn't even a particularly fine-grained description of a blockchain.

A blockchain is a key component of an experimental currency inspired by a particular political ideology that is at odds with many aspects of western civilization, such as the benefit of trust in a society.

It's not really useful insofar as most people can tell in any other contexts. Even it's usefulness in it's native context is not highly established.