Month: September 2016

You thought blockchains were distributed, public, time-stamped and persistent. Guess what? They still are.

Private blockchains introduce a trusted intermediary

Accenture is suggesting that permissioned blockchains will benefit from the ability to change transactions — perform “do-overs.” A permissioned blockchain is a network where the participants can restrict who can participate in the consensus mechanism of the blockchain’s network. A network where the trusted entities or companies self-elect themselves as trustworthy. Who monitors them? Well, they monitor themselves, at least that’s the theory.

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