Re:IBM has cut its blockchain team down to almost nothing – ...
by PaulHoule on Wednesday February 03, 2021 @10:09AM
(#26014251)
If you had a few traders who sit underneath a buttonwood tree and don't trade with anyone else (e.g. the founders of the New York Stock Exchange) it might be OK.
Say you have a consortium of five banks: 5 copies of the database is not a crazy price to pay for a high level of resilience.
Make that 5000 banks and you are paying 1000x as much but not getting 1000x the resilience.
So many people are obsessed with peer-to-peer solutions, I could also see a blockchain as an answer to (say) having a book lending database for a few friends.
Say you have a consortium of five banks: 5 copies of the database is not a crazy price to pay for a high level of resilience.
Make that 5000 banks and you are paying 1000x as much but not getting 1000x the resilience.
So many people are obsessed with peer-to-peer solutions, I could also see a blockchain as an answer to (say) having a book lending database for a few friends.