Re:You Do Not Need Blockchain: Popular Use Cases and Why The...
by snowwrestler on Friday February 22, 2019 @04:55PM
(#19229477)
If we can imagine "ripping out" the middlemen and replacing them with blockchain, then we can also imagine ripping out the middlemen and replacing them with any other centralized ledger.
Re:You Do Not Need Blockchain: Popular Use Cases and Why The...
by will_brown on Friday February 22, 2019 @05:11PM
(#19229616)
Umm...can we? If you rip out the existing middlemen where does the “centralized ledger” come from but another middle man.
Right which will never occur in the current system because each middleman needs to justify their place to keep their piece of the pie.
Like I said it’s a system with tons of middlemen (who don’t add value) who could be ripped out and replaced with Blockchain.
Dole was “ultimately resolved” only after complex class action litigation that costs millions of dollars and resulted in the party who took dole private having to pay an extra ~$2.50 x ~36.8M shares. It’s clear from any public company that goes private this is a serious issue...Dole is not an edge case.