Blockchain: back to the drawing board?
Over recent years, blockchain has been hyped as one of the most important developments for carrying out failsafe transactions of just about any kind. Based on the concept of a distributed ledger of transactions where every modification is logged and timestamped using a cryptographic proof of work, the original paper by Satoshi Nakamoto (whoever he, she, or they is/are) was elevated to the status of a latter-day…