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@ -18,4 +18,10 @@ I need to lower my expectation for the rate of progess I think. If I can establi
16/11
so is it a closed blockchain with a set number of participants (or a set of requirements for participants?) who can join (what does join mean in this context) and leave at will. How are all the different companies on the same blockchain.
so is it a closed blockchain with a set number of participants (or a set of requirements for participants?) who can join (what does join mean in this context) and leave at will. How are all the different companies on the same blockchain. How do smart contract fit into all this? Is sequence relevant in a closed blockchain or is it just like a regular but distributed database?
https://medium.com/wavesprotocol/what-closed-blockchain-is-for-190534b5951 This article proposes that closed blockchains should be used for implementing business logic rather than just putting data onto them. It gives the example of a trucking system tracking a drivers route and using a smart contract to automatically give them a bonus for taking a shorter route. It would also be able to detect whether a drive tampers with data by comparing it to the "big data collected during the operation of the company".
Didn't really answer my above questions and It also seems like all the "new" thing proposed by the article have already been done without blockchain technology. However it does seem like the data is not sequential and works just like a regular database. It's stil not super clear though.