See the link in my other replies for some examples of internal uses that still benefit from immutable, distributed ledgers.
Large organizations still have loss and risk from individual bad actors. Operating a central authority that validates every single transaction in a ledger, and validates ledger history and consistency, can be prohibitively complicated. A well designed blockchain implementation can resolve most of these issues.
A great example is a pharma/healthcare company that wants to manage medicine batch and expiration tracking, as well as distribution/patient assignment. With a traditional infrastructure every participant needs to phone home to a central authority. In a blockchain setup, peers can report ledger events one hop up and propagate it through the chain.
That’s a very simple example but I hope it gets my point across
See the link in my other replies for some examples of internal uses that still benefit from immutable, distributed ledgers.
Large organizations still have loss and risk from individual bad actors. Operating a central authority that validates every single transaction in a ledger, and validates ledger history and consistency, can be prohibitively complicated. A well designed blockchain implementation can resolve most of these issues.
A great example is a pharma/healthcare company that wants to manage medicine batch and expiration tracking, as well as distribution/patient assignment. With a traditional infrastructure every participant needs to phone home to a central authority. In a blockchain setup, peers can report ledger events one hop up and propagate it through the chain.
That’s a very simple example but I hope it gets my point across
Identifying anomalous behavior from bad actors is already a solved problem with databases and governing bodies.
Nobody said it wasn’t? But different models have different benefits and drawbacks?