Connecting blockchains & flockchains
Flockchain: (noun)
1. a database system associating itself with blockchain technology that is not both immutable and trustless
2. a combination of the words "fake" and "blockchain"
But let's talk about blockchains first
Permissioned blockchains are the preference of institutions exchanging data, assets and contracts while enhancing operational efficiency and stability
Non-permissioned blockchains are the preference of institutions and consumers exchanging cash while bypassing central authorities
Non-permissioned
Permissioned
Bitcoin
Ethereum
Dash
Eris
Fabric
Corda
Let's talk about flockchains
It's completely okay to be a flockchain
Corda is an experimental flockchain
IBM's Fabric can be a blockchain or flockchain
Corda does not have trustless consensus
Out-of the box, it does not have trustless consensus, but you can add it
Why connect blockchains together?
To create an ecosystem of validity across borders and institutions
In a sense, to create a truth about who owns what, where and how. All this, with a means of seamlessly transferring that of truth from one place to the next
That all sounds very zen
but how is it possible?
Enter the scopic sidechain
Fabric
Ethereum
Eris
Address: 0x394...
Scopic Sidechain
Monax Eris Blockchain
R3 Corda Flockchain
The scopic sidechain keeps transactions private even when they occur between permissioned and non-permissioned blockchains/flockchains
The non-permissioned public ledgers simply contain encrypted transactions, with the decryption keys stored on the permissioned ledgers
For client applications to interact with
And transform the nature business as we know it
It's all about this side talking to that one
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