Re:Blockchain Is Dangerous Nonsense
by hiq on Thursday April 28, 2022 @07:00AM
(#31191056)
How come the trust regarding the physical goods themselves does not expand to the financial aspects of the transaction?
[ Parent
| on HN ]
Maybe read up on trade finance :)
Let me rephrase: you don't need a public permissionless blockchain to have an append-only ledger that allow you to audit transactions. If you're not using a public permissionless blockchain, then there's nothing new that hasn't been around for decades. See also the paragraph about private blockchains in https://www.schneier.com/essays/archives/2019/02/theres_no_g...