What Problem Blockchains Actually Solve – The Solution Space

 

I see more and more private Blockchains or Blockchains that have a central trust. I don’t get it. If its private, use your Database, if your architecture needs a central control.. guess what its again your Database.

Blockchains do address a real problem: Keeping track of a record without access to a shared trusted party. However, it also casts serious doubts on Blockchain projects which require central trusted entities anyway. Private Blockchains are a contradiction in terms where you get all the complexity of Byzantine Consensus but none of its benefits as it is nevertheless centralized around a trusted party.

 

Source: What Problem Blockchains Actually Solve – The Solution Space

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