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vnewman
vnewman
2/21/2017 4:04:59 PM
User Rank
IoT Mover & Shaker
Re: Transactions and modeling
"Blockchain technology isn't just about financial technology..."

True - It can also be used to manage property rights, idenity and contracts.

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Ariella
Ariella
2/20/2017 3:15:05 PM
User Rank
IoT Visionary
Re: Transactions and modeling
@mhhf1ve A few years back I wrote about Bitcoin and other advances in digital currency for CoinDesk and other publishers. Some people had a tendency to be somewhat fanatical aobut Bitcoin and regard any other digital currency as an interloper that was not to be trusted. Certainly, Ripple came up against that kind of hostility in setting up its system of digital payment.

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mhhf1ve
mhhf1ve
2/19/2017 4:01:12 PM
User Rank
IoT Visionary
Re: Transactions and modeling
It's interesting that the strictly anonymous alt-coins aren't more popular. It seems that Bitcoin still dominates-- and I wonder what factors will need to exist for other crypto currencies to overtake it.

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dcawrey
dcawrey
2/19/2017 2:29:46 PM
User Rank
IoT Visionary
Re: Transactions and modeling
@mhhf1ve You are right, the bitcoin blockchain is what we would call pseudonymous. It takes a good amount of effort to unveil an individual or organization. 

That being said, there are anonymous blockchains. Systems like Zcash and Monero are now around and are being used for certain purposes. Popular blockchains, I think, will offer a good degree of transparency. But it's not a one size fits all proposition. There will be many different implementations. 

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maryam@impact
maryam@impact
2/17/2017 4:52:03 PM
User Rank
IoT Visionary
Re: Transactions and modeling
Thanks Jeremy it sounds like it is worth the investment!

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mhhf1ve
mhhf1ve
2/17/2017 3:33:18 PM
User Rank
IoT Visionary
Re: Transactions and modeling
> "Blockchain technology isn't just about financial technology. It also will allow data transparency.."

That's a double-edged sword, though.. The blockchain can be somewhat anonymous, but if any transaction "leaks" private or identifying information -- then there's a chain of transactions that might also be compromised. 

I've seen some alt-coin protocols that try to maintain strict anonymity for all transactions, so it's possible to have some transparency and still keep privacy -- but it seems like the most popular blockchains haven't adopted complete anonymity (yet?).

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mhhf1ve
mhhf1ve
2/17/2017 3:29:15 PM
User Rank
IoT Visionary
Re: IBM blockchain project
> "I believe IBM is still working on blockchain projects via Watson.."

Indeed, you're right. I was thinking of IBM's proof of concept project for ADEPT (with Samsung) that used Ethereum, BitTorrent and an existing P2P network.

http://www.coindesk.com/ibm-reveals-proof-concept-blockchain-powered-internet-things/

I suppose IBM wants to own every piece of a blockchain-enabled IoT platform -- using its own "private blockchain" and infrastructure. But I wonder if that somewhat negates a few of the advantages of using a public blockchain? 

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dcawrey
dcawrey
2/16/2017 6:55:05 PM
User Rank
IoT Visionary
Re: Transactions and modeling
Blockchain technology isn't just about financial technology. It also will allow data transparency, making sure that data is not tampered with. That's the coolest element of what these public ledgers can do. 

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Ariella
Ariella
2/16/2017 11:55:07 AM
User Rank
IoT Visionary
Re: Transactions and modeling
@Jeremy It's an interesting about the payment space. While blockchain can help secure digital payments, it also slows things down. That was one of the reasons why Ripple developed a system of digital payment that was meant to enable much faster transactions than the bitcoing system allowed. 

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Jeremy
Jeremy
2/16/2017 5:30:29 AM
User Rank
Blogger
Re: IBM blockchain project
@mmhf1ve I believe IBM is still working on blockchain projects via Watson

Also analyst Jessica Groopman did a good piece for us on the potential applications of blockchain recently, from an IoT security standpoint: 

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