But if you're incentivized to publish as quickly as possible, then your customer gets the log immediately, and there is no need for a "trusted" third party to act as a "witness" and seek rents for not doing anything useful.
And none of the above protects against the vendor using your sensitive data to (a) do the work as contracted, with a cryptographically verified log and everything, but also (b) copy/analyze/abuse said data without telling you.
It's 2017 again, and someone on HN is inventing "blockchain for X", poorly. (Also note that it doesn't matter what kind of work X is, except for aligning this with HN's current main interest.)
Regarding incentives, this only works if the customer (or regulation) demands it - they’ll require the checkpoints as a condition of closing the deal - and is part of the bet.
A missed checkpoint is in and of itself visible, so if the vendor sits on records instead of publishing, the customer will notice the silence.
Or as the page puts it in more detail:
> A self-held chain proves integrity: nothing was edited or reordered after the fact. It cannot prove completeness: the operator of a recorder can delete the bad day and re-seal the chain, or never write a record at all, and the chain stays internally consistent.
I don't get this. If I "hold" the "chain" (I hate the jargon agents invent), why can't I edit or reorder and then "re-seal" it?