Blockchain is a better technology, not a perfect one
The World Economic Forum recently questioned the power of Blockchain and its ability to change the world of digital security. Can blockchain solve all of our digital security dilemmas?
A recent article on the World Economic Forum website rightly asked some tough questions about the ability of blockchain to change the world for better. The argument was that it was dangerous to place all our faith in this new technology to solve our digital security issues.
While it is true that blockchain is not a “magic bullet” that should be blindly trusted, there are other factors at play here. The idea is not to replace human trust with trust in machines but mathematically demonstrated trust.
Blockchain is a new technology with the ability to transform our everyday lives. It is an invisible technology, it works behind the scenes. It is like the internet today: you cannot see it, but you know it is there working for us. One of its key features is also immutability, meaning the records cannot be retrospectively changed; this is an integral point to any discussion about blockchain and security.
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Source: www.opendemocracy.net
