How Blockchain Works

Re:How Blockchain Works by gibsons77 on Wednesday September 26, 2018 @11:00AM (#18076625)

I agree. You would need an oracle in order to put physical things on the blockchain, and that is subject to incorrect data or tampering. It's non-trivial, but not technically impossible.

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Re:How Blockchain Works by vec on Wednesday September 26, 2018 @11:33AM (#18076972)

Yes, but if you have a mechanism (either technical or institutional) that you trust to attach real-world goods to your blockchain in a sufficiently correct and tamper-resistant manner, why not just let that mechanism manage your ledger directly and skip the blockchain entirely?

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Re:How Blockchain Works by neospice on Wednesday September 26, 2018 @12:21PM (#18077520)

Those seem like two separate problems to me. The oracle reliably reports to the blockchain while the blockchain ensures that the historical record is tamper-proof.

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Re:How Blockchain Works by UncleMeat on Wednesday September 26, 2018 @04:07PM (#18079759)

But why can you trust the oracle to report correctly but not to maintain the record?

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