I think the value of a blockchain is created through it's immutable character. Data saved in a blockchain can not be changed without changing the hash of the block. In combination with the decentralisation a blockchain improves the data integrity compared to regular databases. The data integrity is part of the blockchain itself and there is no need to control through an extern source. So the real value of a blockchain is the reduced cost and work to secure the integrity of information. Companies can save money by using a blockchain. And through checking the hash a computer sytem can check the integrity by itself. This will be a huge step for automatisation of a lot of processes. This will be really valuable when core tasks like company taxes will be done completly online and need a secure and immutable way to store information. At the moment it's still required to keep paper records for tax declaration because computer systems are not secure enough against manipulation.
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K, you say the value comes from immutability. Then you describe immutability technically. What you need to explain instead is how ummutability creates value.
You go into that by explaining that aufit trails are automated. Is that the main way u think blockchains create value?
How would you define value ?
Audit trails are part of the value created by blockchains.
It's quite hard to describe the actual value of blockchains because a lot of existing. blockchains are missing a value
Ok, so u are saying u dont know?