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Blockchains and Offline Assets — Eric Jorgenson
The blockchain attacks some old intermediaries: central counterparty clearinghouses, notaries, escrow services, and any services with a built-in trust component. While the blockchain chips away at some functions from these existing intermediaries, it also enables the creation of new players.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
Describing ownership Protecting ownership Storing transaction data Preparing ledgers to be distributed in an untrustworthy environment
Daniel Drescher • Blockchain Basics: A Non-Technical Introduction in 25 Steps
If blockchains are a new way to implement trusted transactions without trusted intermediaries, soon we'll end up with intermediary-less trust.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
Managing digital assets on public ledgers makes it clearer which assets exist and who owns what, which was previously a struggle on the web.
Scott Kominers • Why Build in Web3
However, a hard fork would run counter to what many in the Bitcoin and Ethereum communities felt was the power of a decentralized ledger. Forcefully removing funds from an account violated the concept of immutability. This was exacerbated by the fact that a centralized set of players was making the decision. Many complained of moral hazard, and tha
... See moreChris Burniske • Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond
If you're a developer building decentralized applications, you have been faced with uncomfortable tradeoffs in choosing how to manage data. The two available options available have held back Web3 apps:Option 1 has been to use a smart contract (blockchain-based) backend and a static frontend. The downside of this option is that these apps are not ve... See more