Editing the uneditable Blockchain: Why distributed ledger technology must adapt to an imperfect world
This paper looks at why distributed ledger technologyâapplied to enterprise and permissioned networksâwill need to evolve to adapt to an imperfect world where human error, laws and mischief will require more flexibility. It looks at the mixed blessing of the indelible ledger in light of Europeâs âright to be forgottenâ laws, recent high-profile cybercurrency thefts and the age-old âfat fingerâ errors that have brought exponential harm to financial services.
Consensus-as-a-service: a brief report on the emergence of permissioned,distributed ledger systems
The purpose of this short report is to describe the divergence between âpermissionlessâ cryptocurrency systems (such as Bitcoin, Ethereum, Peercoin) and âpermissionedâ distributed ledger systems (such as Ripple, Hyperledger). Consequently, we will briefly explore some of the use-cases that distributed ledger systems could play, specifically in the financial services industry. This document assumes that the reader is already familiar with Bitcoin (the blockchain) and bitcoin (the commodity, currency or asset). If you are unfamiliar with these concepts, then some of the vocabulary, concepts and analogies may not make sense.
