If the authority for verifying and authenticating entities is centralized, you don't need a blockchain. A centralized, publicly-readable database is the same thing.
Re:Climate change and the 75% problem
by colordrops on Wednesday October 17, 2018 @08:08PM
(#18244932)
Where did I say anything about centralization?
"all entities permitted to operate on the chain"
Who does the permitting?
Re:Climate change and the 75% problem
by colordrops on Wednesday October 17, 2018 @09:29PM
(#18245250)
Just because a single entity boots up a blockchain doesn't make it centralized. Satoshi set the initial rules for Bitcoin - does that make it centralized?
If there are 196 countries in the world they could all be registered as valid entities using their respective public keys. New entities could be added is through a soft fork of mining/processing nodes that add public keys to the list, and thus would be distributed consensus like other blockchains.
In fact it doesn't even need to be proof of work based, as long as all entities permitted to operate on the chain are known.