enterprise altcoins btfo

[Anonymous No.10621693]

"Microsoft Quietly Releases Game-Changing Ethereum Proof-of-Authority on Azure"
https://www.investopedia.com/news/microsoft-quietly-releases-gamechanging-ethereum-proofofauthority-azure/

>“We’ve had great traction with our support of Ethereum on Azure. The existing Proof-of-Work solution has been deployed tens of thousands of times across a variety of industry verticals. Through the extensive development on our platform, we’ve received great feedback from the community that has helped us shape our next Ethereum ledger product. I’m excited to announce the release of Ethereum Proof-of-Authority on Azure.”

Why would enterprises risk using any other publicly tradable blockchain platform when they could just roll their own private Ethereum on Azure network with its Proof-of-Authority? Corporations don't give a shit about the libertarian future of having a truly decentralized network spread across thousands of computers around the globe, they just want more secure databases.

Blockchain might be the future but why does it have to be through publicly tradable blockchain platforms with tokens instead of private ones like Azure (or IBM Hyperledger)?

[Anonymous No.10621734]

>>10621693
>Corporations don't give a shit about the libertarian future of having a truly decentralized network spread across thousands of computers around the globe
>They just want more secure databases.
You're really ignorant if you don't understand the entire point of decentralization is security (of both uptime and being tamper proof) to begin with.

[Anonymous No.10621750]

>>10621693
this is why the chainedlinks are pumping today, pajeet.

[Anonymous No.10621757]

>>10621750
>ctrl + F "chainlink"
>0 results

nice try linktard

[Anonymous No.10621776]

>>10621734
>1 post by this id
you have to go back

[Anonymous No.10621888]

>>10621734
Oh I get it. But there's a reason corporations like Wal-Mart and Nestle are using IBM Blockchain. They don't care about a decentralized solution backed by computers around the world, they're perfectly content with the redundancy afforded by blockchain across a more private network.

https://www.ibm.com/blockchain/solutions/food-trust
> Frank Yiannas, Walmart’s Vice President of Food Safety, explains the benefits he’s seeing by participating in IBM Food Trust.

https://customers.microsoft.com/en-us/story/blockchain-3m
>3M turned to blockchain on Microsoft Azure to explore adding a shared data layer among all parties involved in a supply chain. The company created a new solution concept, which uses blockchain on Azure with Azure SQL Database for storage.

We can argue philosophically about the benefits of decentralization forever if you want. I'm personally all for decentralization. But the reality is that major corporations aren't turning to the platforms backed by tokens that we're trading and investing in, they're using private solutions.

[Anonymous No.10622952]

>>10621888
>We can argue philosophically about the benefits of decentralization forever if you want.
It's not philosophical. Read up about game theory and trustlessness in the context of blockchain if you're interested in learning about it. I know this is a kind of dick thing to say instead of trying to actually defend a position, and I'm sorry for being "that guy", but 4chan is a pretty cumbersome format to talk about things like this in.

[Anonymous No.10623078]

>>10622952
The reality is that corporations won't be using public blockchains for some time. Public blockchains need to solve their problems first and then they might get adoption.

[Anonymous No.10623260]

>>10621693
>using a centralized, privately owned blockchain as a slower database does not defeat the whole point, goys!
Now this is just sad.

[Anonymous No.10624302]

>>10621757
are you new?

[Anonymous No.10625247]

>>10622952

>but 4chan is a pretty cumbersome format to talk about things like this in.

You're new. This PsyOp shithole is designed to control dissent and make easy MKUltra. For all you now know every post you're "allowed" to see, respond to, or that responds to you is decided by some AI or shill working your case until you shoot up the school.

You've learned something today.

[Anonymous No.10625431]

So LINK IS SCREWED AHHHHH

[Anonymous No.10625563]

>>10621693
Good thing it'll still use link

[Anonymous No.10625693]

>>10623260
>>10622952
https://www.forbes.com/sites/michaeldelcastillo/2018/08/09/ibm-maersk-blockchain-platform-adds-92-clients-as-part-of-global-launch-1/
>“We have seen a lot of skeptics talk about the validity of blockchain solutions,” said IBM general manager and head of blockchain, Marie Wieck. “And I think with over 90 organizations and over 150 million events captured on the system we really are seeing proof in the pudding in terms of where people are spending their time to get benefits from blockchain.”

Explain this, then. Or this:
https://the-blockchain-journal.com/2018/03/09/ibm-claimed-to-possess-a-minimum-of-63-blockchain-clients-such-as-walmart-nestle-and-visa/
>Currently, a minimum of 63 IBM customers are using more than 400 blockchain-based projects, as mentioned in the briefing. In these 63 companies, 25 are in global trade, 14 in food tracking, and 14 in global payments. Nestle, Walmart, Visa, and HSBC are big well-known clients of IBM.

This isn’t some hypothetical, this is the present day reality. Those major corporations aren’t using public blockchains. Why? Even if public blockchains are superior, they’re not being used. Those major corporations looked at everything available, looked at the public Ethereum network, EOS, VeChain/Walton/Ambrosus, etc, and said nah no thanks, we’ll pay IBM or Microsoft and just use a private blockchain.

[Anonymous No.10625712]

0xBTC is the only pure mined cryptocurrency compatible with Microsoft proof of authority

[Anonymous No.10625772]

[Anonymous No.10625843]

>>10621693
>Blockchain might be the future but why does it have to be through publicly tradable blockchain platforms with tokens instead of private ones like Azure (or IBM Hyperledger)?
This is what I was thinking from the beginning. EOS like block producers but instead of some overpriced token and collusion, reputable corps are block producers while receiving a monthly payment from your subscription.

[Anonymous No.10625863]

>>10625843
Even private blockchains need oracles right?

[Anonymous No.10625885]

>>10621693
Enterprise Smart Contracrs = Cryplets= We Fucking Made It

[Anonymous No.10625910]

>>10625863
sure, but they don't need decentralized oracles.

[Anonymous No.10625936]

>>10625910
If an oracle is centralized there is no point in using a smart contract though...

[Anonymous No.10625951]

>>10625863

Yes. This thread is filled with dumb points. It doesn't matter if you're using a public or private blockchain, you're going to need an oracle to make it useful for anything in the real world.

Its like arguing over which brand of computer they'll use... who cares if it has no internet connection? The internet works with them all so one computer being better than another for a certain type of job is irrelevant to the fact that job relies on access to other computers/services.

[Anonymous No.10625977]

>>10625772
Nice...this is bullish for link

[Anonymous No.10626005]

>>10625936

ignore brainlets. they're either baiting you or too hopelessly dumb to save at this point. if they're investing in crypto and don't understand why decentralization is critical they deserve to lose everything and miss every rocket.

[Anonymous No.10626018]

>>10626005
One thing though...how does the existence of private blockchains influence decentralization?

[Anonymous No.10626054]

>>10625693
We'll see what happens. Just because something starts as a private Ethereum based blockchain doesn't mean it can't migrate over to a public blockchain if there is more value. I generally tend to think that the data and services captured on a private blockchain are less valuable than the same information on a public blockchain. Lots of data is wasted because of information silos.

[Anonymous No.10626076]

private eth at $0 vs real eth at $300

[Anonymous No.10626103]

>>10626018

It doesn't. Chainlink doesn't have to be used in a decentralized way. If you choose to write a smart contract that works with only a single node, go nuts. You can do everything you can with Oraclize with Chainlink, you can just also choose to use its aggregation system to get results from many nodes rather than just one instead if that better suits your project's needs.

They're intending to support both SGX and Hyperledger, so they don't expect people to be using public chains. Need a new chain? Hack together a new adapter. Need a new reputation system? Hack together a smart contract for it and start pointing contracts at it instead of whatever reputation system you're using. Insurance won't use the same reputation system or chain as finance, or shipping, or bonds, so its architected in a way that lets each industry make it fit with how they're handling smart contracts regardless of how things shift to new chains/consortiums/etc in the future.

[Anonymous No.10626213]

>>10625977
CHECKED

[Anonymous No.10626412]

>>10626103
This is really interesting, I'm finally starting to get the gist some of the technical aspects of this project. Mind if I ask your source for the info that you posted, so that I can read into it further?

[Anonymous No.10626491]

>>10626412

unirononically the white paper kek. the documentation on the site is more digestible and helpful too. and the girhub requires some code knowledge to really dig into, but even just combing through the folder structure and having a look at the functions available in each file will give you a better understanding of it. all the answers are hidden in plain sight.

[Anonymous No.10626527]

>>10621693
the whole point of a blockchain is the decentralization ya numb nuts

if you want to trust a third party, you can already do that. if you trust a third party to provide you a blockchain, then you are just paying for unnecessary complexity. fucking idiots.

[Anonymous No.10626689]

>>10625247
>>>/x/
He’s right though

[Anonymous No.10627454]

>>10621888
This is true. For now. There's clearly an advantage to being on a public decentralized network. It's like early days of the internet and companies didn't use it. They used private intranets. Eventually, the larger, public version of these things win out because of network effect.