The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology

Peer-to-peer networks interconnect equally privileged nodes with each other, allowing users to share and transfer data without the need of a centralized administrative entity. Systems using this architecture are resilient against censorship, attacks, and manipulation. Just like the mythological Hydra, there’s no one head that you can cut off to kil

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-Using blockchains to create more trusted, transparent and verifiable versions of existing processes.

Replicating everything AWS or Azure or Google Cloud can do on a blockchain isn’t redundant because the decentralized collective “ownership” and governance of blockchain networks supports security, privacy, stability, and scalability features that Web 2.0 applications running on centralized corporate clouds can’t replicate because they are centraliz... See more

There isn’t much that blockchains enable that would be impossible to implement in a web2 way. It wouldn’t be trustless and decentralized—but the benefits of decentralization are way too abstract and vague to compel most people.

Blockchains have enabled both of these things, opening the door for programmable money and state without the need of a centralized server, bank, or any intermediary at all.