Re:Blockchain Is a Semantic Wasteland
by decentralised on Sunday October 21, 2018 @12:09PM
(#18268678)
Good article.
Although I'm not completely in agreement with the author, the point is valid and we do need better taxonomy because not everything that uses a blockchain requires highlighting that component over the any other technology it also may rely on.
As for non-public (consortium, enterprise, centralised, etc) blockchains, here I have a very different opinion based on my own work experience, and would point to the Energy Web Foundation's (https://energyweb.org/) consortium network as a prime example or to the work being done on Plasma (https://www.learnplasma.org/en/) which allows for private chains to inhering the security properties of a root public chain like Ethereum, and makes extensive use of cryptoeconomics for trust minimisation.
Although I'm not completely in agreement with the author, the point is valid and we do need better taxonomy because not everything that uses a blockchain requires highlighting that component over the any other technology it also may rely on.
As for non-public (consortium, enterprise, centralised, etc) blockchains, here I have a very different opinion based on my own work experience, and would point to the Energy Web Foundation's (https://energyweb.org/) consortium network as a prime example or to the work being done on Plasma (https://www.learnplasma.org/en/) which allows for private chains to inhering the security properties of a root public chain like Ethereum, and makes extensive use of cryptoeconomics for trust minimisation.