I read the article below and responded... Just trying to start a dialogue really.
Building a Blockchain PoC in Ten Minutes Using Hyperledger Composer
https://www.infoq.com/articles/blockchain-poc-hyperledger#idp_register
I'm currently studying IBM's Hyperledger technology and I have a few concerns about several of your statements. One purpose of the Bitcoin/ Blockchain revolution is to facilitate client/vendor fraud free transactions.
Are Hyperledger transactions Open, Public and Transparent for the clients of a businesses to view, if they're involved?
What's the incentive for a business to avoid fraudulent behavior if the blockchain is private/permissioned/pseudonymous?
You say permissioned blockchain participants are "known and trusted" ...by whom?
This seems to pretty much defeat the purpose of trust, transparency and accountability of open, peer to peer, private, Anonymous, objective, unbiased, transactions some people might prefer.
Whether a business participant loses ANYTHING over fraudulent behavior in corporations today is highly subjective and relative and alarmingly infrequent.
Governments want businesses want to know who their clients are but who is allowing the clients to know who they're doing business with?
Speaking of "pseudonymity" hopefully on day in future the Anti Money Laundering laws and Blockchain Transparency will also apply to public corporations, governments, institutions and organizations for the benefit of the clients and users to "Know your_______"
Just curious and maybe misinformed or confused,
Thanks,
Ruth
