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RE: Old wine in new blockchains

in #wine6 years ago

If they do it the VeChain way; then the blockchain trail will start right back at the picking stage. Reading into their ideas for e.g. making sure the cold-chain is not broken for frozen foods is fascinating. Smart RFID chips with inbuilt sensors enable checks and balances all along the way, and all visible on the blockchain. I think blockchains can and will make a big difference to this sector.

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Indeed, would you also consider WABI as a good technology ?

Not bitbrain but I'd say no: WABI, WALTONCHAIN and possibly VeChain, 3 Chinese "blockchain" company, 1 problem: their blockchain solution doesn't eliminate trust thus doesn't require a bockchain. (imo)

I do not know if talking about it made it pump but it is gaining 46% right now.

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I have to be honest, I have not looked into WABI yet and therefore any comment that I may make on it at this stage would be an uninformed one.

How does VeChain make sure that no junk goes into the blockchain exactly @bitbrain?

I doubt that you could ever fully protect against it. I think, and I'm not an expert here, that the VeChain method relies on automated smart sensors which record (and possibly log, I don't know) data onto the chain, combined with a set of trusted individuals who know how and where to read data in. They follow products from start to end i.e. from harvest/manufacture to the final point of sale, logging all major data along the way. I hope that sort of answers your question; sorry I'm not specialised/knowledgeable enough to elaborate further.

Sure, no problem, not an expert on the technology but, based on what you're saying, it sounds a lot like this application doesn't really need a blockchain:

automated smart sensors

oracle problem: again how do you make sure that the data that comes in is not junk.

trusted individuals:

this one speaks for itself, if at the end of the day you're going to rely on trust then a blockchain doesn't seem to be necessary, but as I said I am not familiar with the finest points about this technology.

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