World’s top bicycle maker is moving U.S. orders to Taiwan factory

Re:World’s top bicycle maker is moving U.S. orders to Taiwan... by monk_e_boy on Monday June 17, 2019 @07:58PM (#20208521)

When the internet was young and I was wide eyed optimistic I thought reviews and ratings would solve this problem. It didn't. Then amazon came along and promised a similar panacea, user ratings... but again it didn't quite happen.

I feel twitter suffers the same problems. Who is genuine? Who has unbiased knowledge? Who can tell me the truth about a product? Can I know your credentials online without knowing your name? ((Imagine twitter posts being flagged "This person has no qualifications and has failed a basic maths exam")) -- idea - online exams with my results cryptographically signed.

Block-chain seemed to offer some sort of solution. Maybe if we had trusted manufacturers of components, then these components could be tracked (along with pollution, carbon miles, labour policies, etc) all logged in the block chain. A bit like "fair trade" but for other items. Easily checked using your phone/bar-code before purchasing.

[ Parent | on HN ]

Re:World’s top bicycle maker is moving U.S. orders to Taiwan... by jakevn on Monday June 17, 2019 @08:01PM (#20208540)

Blockchain does not provide any verification of trust, nor can it. It provides verification of number crunching transactions alone, as well as an immutable store of that number crunching. It's actually notoriously poor for trust compared to traditional systems, as there is no way to mediate in the case of fraud once a transaction has occurred.

[ Parent | on HN ]

Re:World’s top bicycle maker is moving U.S. orders to Taiwan... by gowld on Monday June 17, 2019 @08:02PM (#20208551)

How exactly would "blockchain" contribute anything to this solution?

[ Parent | on HN ]