Selling Blockchain as Other Than Blockchain
The Economist ran a cover story back in 2015, calling the technology behind Bitcoin a “trust machine.” Nothing can be further from the truth. Blockchain is a machine that will lower the cost of trust in trade and economy of $23 trillion.1 Blockchain is a trust layer for platforms and applications. It is a trust protocol for networks. It is not a database layer or a storage layer. In fact, blockchain doesn’t perform well in any of those areas and was never conceived to be either of the two. It is a ledger, a truth ledger, that stores transactions between two parties, two machines, two human beings, or two enterprises anywhere in the world.
With the possibility of reversal, the need for trust ...
Get A Book About Blockchain now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
