Are We Falling Back to Old Media Habits with The Blockchain?

Are We Falling Back to Old Media Habits with The Blockchain?

RupertHackett
10/10/16 9:41 AM 2016-10-10 09:41:07
Building private blockchains could be falling back to the old media habits. But with time, we will, as a human race, embrace the power of the decentralized architectures.

Building private blockchains could be falling back to the old media habits. But with time, we will, as a human race, embrace the power of the decentralized architectures.

RupertHackett
Rupert Hackett is the general manager of Bitcoin.com.au and BuyaBitcoin.com.au. Rupert specializes in the digital currency and digital payment space and holds the world's first Master's degree in digital currencies. He writes for multiple bitcoin and tech websites and is an acting Board Director for the Australian Digital Currency Commerce Association (ADCCA).

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Private blockchains that employ a decentralized consensus mechanism within a vast trust network is not falling back to old media habits. Blockchains provide integrity which is bringing awareness to the importance of data integrity, whether a permission or permissionless blockchain. Existing data privacy policies like POPI and GDPR of the EU, South Africa, etc. to go into full enactment by 2018 call for transparency to support privacy. Decentralized architectures have been around before “blockchains”. I think it’s important in conversation to clearly consider the interpretation over-laps between public vs. private, permission vs. permissionless, and privacy vs. security.