TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology
JENA MARIE ESPELITAassociazioneblockchain.it
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TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology
The blockchain decentralizes trust and makes way to multiple, singularly harmless, but collectively powerful entities that authenticate it.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
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Trust can be achieved by increasing transparency requirements, namely by sharing identity and reputation information.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
This may sound abstract, but a key aspiration of blockchains is to become a dial tone for trust-based services. This means that we will be able to check and verify the veracity and authenticity of facts, data, processes, events, or anything, with the same simplicity as googling for information, services, or products today. Dialing, or googling for
... See moreWilliam Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
Here is another new paradigm about the blockchain: data and programs are public. Semi-public to be precise, because the information is cryptographically secure, and only visible if you have access rights. It means anyone can publish data on the blockchains. Previously, everything important was behind hidden databases, or a physical service counter,
... See moreWilliam Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
The blockchain offers a degree of transparency and access to truth that can prevent breaches of trust.
William Mougayar • The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
New digitally-native trust producing mechanisms are rising up to meet these new demands and cryptoeconomic systems are the centerpiece. Crypto networks create a perfectly competitive global market for producing trust, bringing the price of trust down to the marginal cost of production.