This topic contains 2 replies, has 2 voices, and was last updated by rokotoko 1 year, 11 months ago.
I don’t really think all the noise news makes about blockchain solving supply tracking is warrented it seems like it’d be unnecessarily complicated. I get the chain of custody part, but its not like you need miners to secure data thats just encryption
There are a couple possible benefits that are pretty important imo. The ability to have an immutable ledger keeps things more honest, but that means the nodes have to be spread over multiple parties that won’t coordinate. That’s where the different parts of the supply chain come in. Each step might want to modify data for its step in the transaction history, but it won’t allow the others to do the same. This adds up to nobody being allowed to edit the history- creating a trusted data source. The ‘miners’ don’t have to be proof of work which is what I believe you’re thinking of. You could have other consensus algorithms that don’t cost as much to operate and avoid the situation of miner arms races altogether.
ok but securing data doesn’t require a blockchain. And what stops people from typing in fake information to the blockchain. It seems like something everyone likes to say will be helped by blockchain, but there isn’t really a plan. Like who would run the nodes or care unless you made “SupplyChainCoin” and then its just as bad as every other ICO
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