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RE: What is Theory?

in #theory6 years ago

So from a business standpoint, one of the things blockchains are good at is establishing honesty and data integrity. Now someone needs to care, and to audit the data, or bad things can still happen -bitconnect, scam icos. But Business history is ripe with accountants that have cooked the books, and nation states that have lost billions -like what happens when corrupt african government officials get hold of money. So while one of the major cost/benefit analysis of blockchain type tech is to increase honesty in the data. When you have a situation of low trust, or high risk, block-chaining the data, or even hashes of data, proves certain things existed. This helps defeat conspiracy theories or proves them beyond any doubt. Generally, this openness is good for an organization.