Re:Google Cloud Launches Blockchain Toolkit for App Developers
by NizaAfrica on Monday July 23, 2018 @03:34PM
(#17595280)
What's the point of having a centralised blockchain? As far as I understand the thing that sets blockchain apart from the traditional data systems is that each participant maintains, calculates and updates new entries into the data system. All nodes work together to ensure they are all coming to the same conclusions. But in this case Google cloud will serve as the master whilst everyone else is a client which is just the same thing as a traditional data system. Correct me if I'm wrong
[ Parent
| on HN ]
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by thinkingkong on Monday July 23, 2018 @04:01PM
(#17595486)
If blockchain is truly useful as a component in building new tech then it makes sense the big providers would productize it. Doing so doesnt prevent any distribution from occurring but managing loads of your own infra is literally what these teams are trying to help you do.
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by Xakdra on Monday July 23, 2018 @06:38PM
(#17596602)
Another question that seems to be avoided whenever I ask professionals is the usage of the blockchain. I personally do not see it's practical application beyond its use in crypto currency or other financial related use cases such as validation of user purchase histories. But what else is there for the tech? Looking for some insight.
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by babaeth on Tuesday July 24, 2018 @06:39AM
(#17599732)
Look into Golem and Brave/BAT, they are great examples of other use cases than crypto currencies.
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by hanniabu on Monday July 23, 2018 @07:28PM
(#17596893)
It can be used anywhere there's a middleman/ intermediary or where trust is required.
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by JustFinishedBSG on Tuesday July 24, 2018 @07:25AM
(#17599981)
> where trust is required.
Blockchains don't solve the trust problem at all. Except if none of the trust problems you have interact somehow with the material world
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by gibsons77 on Tuesday July 24, 2018 @09:50AM
(#17600969)
That's the only thing blockchains solve is the decentralization of trust. Oracles provide a bridge, and it is possible to make trusted decentralized oracles.
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by dev_dull on Tuesday July 24, 2018 @01:09AM
(#17598250)
There are plenty of solutions to middlemen. Usually they exist not because of technical limitations but because of other reasons (see car dealerships).
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by jonny_eh on Tuesday July 24, 2018 @12:11AM
(#17598061)
I guess I'm just not creative enough to think of what that might be, if not money.
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by JustFinishedBSG on Tuesday July 24, 2018 @07:23AM
(#17599972)
> What's the point of having a centralised blockchain?
Extracting money from VCs
Re:Google Cloud Launches Blockchain Toolkit for App Developers
by all_blue_chucks on Monday July 23, 2018 @04:17PM
(#17595602)
> What's the point of having a centralised blockchain?
It allows execs to do something other than stammer when investors ask them what their "blockchain strategy" is. It also allows them to be "AI-first, Mobile-first, and blockchain-first" all at the same time.