DON’T PUT THE CARRIAGE BEFORE THE HORSE: TO COMPREHEND THE REAL MEANING OF A DECENTRALIZED…
- What I want to point out is that people are putting the carriage before the horse when are talking about blockchain.
- Blockchain is only one among other tools so that resolving one of the most difficult coordination problems in the context of a distributed and decentralized computational system, that is, the byzantine generals’ problem.
- In other words, to grasp the real blockchain meaning is not enough describing its technical features, but rather it is necessary to understand what and why to achieve decentralization is so important for a distributed system.
- The risk resides at applying a blockchain structure to a non-decentralized social system, remembering that blockchain is only one among other tools to achieve decentralization, what entails that blockchain per se is not synonyms of transparency, fairness, compliance, accountability, disclosure, and other fashion words.
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