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_asummers | 5 years ago

The power of a notary is that someone is legally verifying the state of the document under penalty of perjury. In this case, you don't trust the party doing the verification, by definition, and there's no second party, so I don't see what this solves.

That there is an immutable log of the events is an implementation detail and could be solved with a write only DB completely independent of blockchain.

discuss

order

noxer|5 years ago

There is no such thing as a "write only DB" Who ever has control over that DB physically can tamper it. From external such a DB would be a black box. You store something and read again to check if it has been stored but whoever is in controller can just drop it after wards anyway. You have no clue whats actually happening. The black box could contain 2 DBs you query one and everyone else queries another.

A public DTL has a public state unlike a normal DB everyone knows the complete DB and its distributed. If you write to it you can read form anyone else including your own node to verify it has in fact been written. Instead of trusting who is in control of the read only DB you trust that a no majority of nodes collude to tamper. Its important to know that there is a negative incentive to collude because almost all participant are participant in such a system because they theme self want to use an immutable ledger.

This does not apply to BTC or similar blockchains where the people (miners) in "control" (collectively) are not the primary users of the immutable ledger. Because there is a false incentive (money/block reward) to participate even if you have no interest in using the system at all.

doonesbury|5 years ago

Agree. There are consequences if the notary lies. If bad data is posted to the blockchain ... Well ... So what? That's why I asked the original poster of scenario what the end receiver's recourse is if he gets a car with too many miles? Arguing about blockchain and what it did or was supposed to do will be immaterial by then.

sebmellen|5 years ago

As I responded to you in another comment, the recourse is that the transporter is not paid. This is laid out in a legal contract which references the timestamping system.