RE: BLOCKCHAIN9 Jan 2021 15:05
Jarv Agree
Block-chain
1) Block-chain is simply a Ledger.
2) open-source block-chain networks can execute peer-to-peer transactions and serve as a platform for deploying smart contracts.
E.g. Hyperledger A cross-industry collaborative effort from the Linux Foundation.
3) Developers can add multiple layers to engage the model requirements.
4) Fully scalable global infrastructure in multilingual formats.
5) Supply chain (net asset to be monetized)
Blockchain technology is being used to trace stock movement and has been used for some time by chain retailers to track e.g. a lettuce grown in the fields to it journeys end as the sale as part of a BLT sandwich.
6) Financial transactions.
If SYME are utilising block-chain then each geographical financial governing body will scrutinize and insist their own regulatory laws are adhered to before signing off.
This area is constantly morphing as they seek to protect and control their own interests.
7) End users
Clients / financial entities won’t see or notice the complexity of block chain as it will most likely be presented through an app. You don’t need to understand code to post on the BB.
8) Costs
Depends on Syme and how they structure, whether peer-to-peer or selected Nodes/Hubs.
Simply, the more there is the more secure. Perhaps Symes biggest cost but then again it is the engine house.
I hope this simple post will help explain the timescale and complexities that the Syme model must complete.
I`m sure there are more knowledgeable on this BB. I just wanted to clarify the separation between block chain and currencies . note no references to BITCOIN (until now).
AZ says he’s ready to fly but give them all time to go through the pre-flight procedure so we all have a safe journey.
Apologies for my last post (went on a wobbler) Got fed up with Red Blue and end of day prophets. I`m now back on the tablets.
Please add, challenge or dismiss.
Best intentions and Best wishes
Div
LTH