The main benefit of blockchain is that it is trustless and censorship-resistant. You don't need to trust any business entities. You can transact with someone in a zero trust environment on the other side of the world
Just because you use a blockchain doesn't make your implementation trustless, nor censorship resistant.
Re:Building for the Blockchain
by ruiquelhas on Tuesday January 09, 2018 @06:41PM
(#16111231)
Actually, according to the original definition - https://github.com/trottier/original-bitcoin/blob/92ee8d9a99... - it does, since blockchain is bitcoin (and vice-versa), and as far as anyone can tell, currently it is indeed trustless and censorship resistant.
The problem is that some people adopted blockchain as some kind of weird gimmick to wrap extraordinary claims such as the ones in the original post and promote scams (altcoins, appcoins, whatever).
Not sure about censorship-resistance. Bitcoin transactions can be traced back to some identity, especially if the payer's Bitcoins were originally funded with fiat currency that came from the banking system.
Re:Building for the Blockchain
by ruiquelhas on Tuesday January 09, 2018 @06:45PM
(#16111249)
That does not say anything about censorship resistance, because it does not mean the transactions can be reversed (on the contrary).
That's a problem of anonymity (or lack thereof).
Yes, but wouldn't the fact that it's not totally anonymous discourage people from saying whatever they want? Like, self-directed censorship.
it cost on average around $1 USD to perform an average blockchain transaction and millions of transaction are made a day, the demand is transparent and the data is available for everyone to see. If it was a solved problem I would expect the demand for decentralized ledgers to be a lot lower
All problems related to inter-company collaboration are people and organizational problems not technical problems. Blockchain solves nothing in this space.