Are you on the losing team? (not learning blockchain)
Zoltan Gelencser
Keynote Speaker | Expert in 5G and 6G | Evangelist of Artificial Intelligence (AI) and Extended Reality (XR) Innovation | Wireless Technology Leader
and some real stuff ....
Disadvantages of private blockchain
Nikolai Hampton pointed out in Computerworld that "There is also no need for a '51 percent' attack on a private blockchain, as the private blockchain (most likely) already controls 100 percent of all block creation resources. If you could attack or damage the blockchain creation tools on a private corporate server, you could effectively control 100 percent of their network and alter transactions however you wished."
This has a set of particularly profound adverse implications during a financial crisis or debt crisis like the financial crisis of 2007–08, where politically powerful actors may make decisions that favor some groups at the expense of others, and "the bitcoin blockchain is protected by the massive group mining effort. It's unlikely that any private blockchain will try to protect records using gigawatts of computing power—it's time consuming and expensive."
He also said, "Within a private blockchain there is also no 'race'; there's no incentive to use more power or discover blocks faster than competitors. This means that many in-house blockchain solutions will be nothing more than cumbersome databases."
Technology Business Executive and Product Leader | P&L Champion | Scaling and Commercialization for Internet, AI, Cloud, Fintech, and Telecom
6 年This would be a good topic for an interesting debate.
Software Engineer. General Motors, Robotics, ROS, PX4, Indy Autonomous Challenge
6 年Allowing your employer to hold you back is a huge mistake.