Is it Dutch or french?
Dutch security firm Gemalto has said its blockchain product, slated to pilot later this year, will keep personal data off the blockchain. According to the French outfit...
I'm available for proof reading if needed ;-}
Dutch security firm Gemalto has said its blockchain product, slated to pilot later this year, will keep personal data off the blockchain. According to the Dutch outfit, the forgettably named Trust ID Network is aimed at users and digital service providers that need verifiable Self-Sovereign Digital IDs where "attestations" …
A file that everyone has to have to be able to use the functionality, file which grows ever larger until you need a fiber conection and a multi-terabyte disk if you're a latecomer. No to mention transaction delays and, in the case of Bitcoin, insane transaction fees.
Frankly, I'd think a central database would be a much more simple affair. You have to be connected anyway, in order to upload your addition to the blockchain, so what's the difference ?
See, with the block chain now everyone can waste their disk space on undeletable data rather than just one entity that has the capability of pruning it over time.
The concept of verifying the veracity of the information recorded in a block chain is only possible if we know what generates that data in the first place and can trust it to write the correct data. The blockchain can really only provide proof that a certain piece of data had been written to it, not that the data itself is correct in any way.
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