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Re:Web3 is centralized and inefficient by philliphaydon on Wednesday March 23, 2022 @01:17AM (#30775218)
So you have a permanent paper trail that cannot be changed, what problem has it solved?
Re:Web3 is centralized and inefficient by everfree on Wednesday March 23, 2022 @01:30AM (#30775282)
The problem of paper trails being changed. When something goes wrong, if you can't trust your paper trail, you can't attribute fault with certainty.

Without an immutable shared database standard, it's difficult for processes like that to cross company lines. And supply chain is a fancy phrase for processes that cross many company lines.

Re:Web3 is centralized and inefficient by philliphaydon on Wednesday March 23, 2022 @01:51AM (#30775398)
It doesn't ensure that the data is correct, valid, hasn't been tampered with, or even entered.

A supply chain involves 3rd parties who have nothing to gain from this. If the issue is the middle man between A and C, blockchain isn't solving any problem. The distrust is with B, having a blockchained backed paper trail doesn't provide anything a database gives you right now.

You're asking for a single source of truth between A B and C. And saying you cannot trust A B or C, so you want blockchain to solve it, which needs to be created by someone, so you introduce D and now you have a central governing body who dictates everything for A B and C. Or you are A and you say 'hey B and C, you need to use this system we created cos we don't trust you!'.

Blockchain solves nothing in the supply chain.

Re:Web3 is centralized and inefficient by everfree on Wednesday March 23, 2022 @12:39PM (#30780353)
It ensures that data hasn't been tampered with after initial entry. And that a uniquely attributable digital signature gets recorded at the point of entry, along with a timestamp.