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This post is based on a presentation I gave in Hong Kong for Chain of Things and also one for the Scotland Blockchain meetup.
This was inspired by a recent whitepaper I co-authored with Gilbert & Tobin.
In my blog post: "The Trend Towards Blockchain Privacy: Zero Knowledge Proofs", I go into deep detail about these systems and why they are being implemented.
So for example with Bitcoin and Ethereum, you get full decentralization and consistency (all nodes get data replicated to them) but you can't get enterprise.
With this triangle you can shift it like a slide ruler, so you can have something between full decentralization and centralization, but of course you will lose consistency or scale as you do.
The next slide comes from the KPMG report on Consensus I co-authored and shows how many use cases there are for financial services.
There are just as many consensus mechanisms as well and this can be really confusing particularly when trying to implement different use cases and figure out the design features necessary for what you want to accomplish.
The consortium is less about a technology solution or a particular business model.
It's more about how companies who haven't been able to trust each other in the past can come together and collaborate and share information.
In this triangle, one can only achieve two of three sides at any time.
The three most important features of blockchain/shared ledgers: 1) Consistency 2) Full Decentralization & 3) Enterprise Scale.
Many of the shared ledger/private blockchain solutions have sacrificed decentralization because of the trust model they employ.Tags: Adult Dating, affair dating, sex dating