(no title)
useful | 4 years ago
Your argument is kind of like saying your paper filling system is as good as a database. With a database your don't have to be physically present like a paper filing system. With block chain you don't need permission to access the database, it is a new thing that enables more things that centralized systems used to control and rent seekers built walls around.
usrbinbash|4 years ago
My income tax is automatically deducted from my paycheck, transfer taxes and VAT are automatically taken care of.
> With block chain you don't need permission to access the database
If we are talking about databases now instead of distributed ledgers (aka. cryptocurrencies), then yes I need a permission, because if I store business relevant data somewhere, I need a mechanism to ensure that only authorized parties can access it. This is doable in blockchain-based databases of course but it's much easier in a classic RDBMS or document-store (noSQL) system.
Again, these are solved problems, and "blockchain" provides no benefit over existing solutions, but impacts usability, efficiency, scalabitily and speed.
dfcowell|4 years ago
Like a consumption tax/sales tax/GST?
useful|4 years ago