Three blockchain benefits, above and beyond traditional databases
If you’re thinking about business opportunities for blockchain technology, it’s useful to avoid getting over-excited about an idea that a traditional centralized database could do just as well. How do you parse which is which?
Blockchains vs centralized databases
If you’ve been reading my previous posts, you will know by now that blockchains are simply a [new type of database](http://www.multichain.com/blog/2015/10/private-blockchains-shared-databases/). That is, a database which can be directly shared, in a write sense, by a group of non-trusting parties, without requiring a central administrator. This contrasts with traditional (SQL or NoSQL) databases that are controlled by a single entity, even if some kind of distributed architecture is used within its walls.
The Blockchain is the New Database, Get Ready to Rewrite Everything
Bitcoin's Blockchain Concept represents a paradigm shift in how software engineers will write software applications in the future. The Blockchain can be viewed as a database, representing a rethink of how we interact with data.
