this post was submitted on 12 Jun 2024
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The Australian Securities Exchange CHESS blockchain: seven years of sunk cost fallacy (davidgerard.co.uk)
submitted 5 months ago by dgerard@awful.systems to c/buttcoin@awful.systems
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[โ€“] dgerard@awful.systems 8 points 5 months ago (1 children)

so in practice it actually doesn't, and enterprise "blockchain" systems tend to evolve:

  1. do the real work in the blockchain bit
  2. do the real work in a program with an SQL database attached, claim the blockchain is for audit logs
  3. every SQL DB can produce those anyway, remove the blockchain bit entirely
  4. don't bother removing the word "blockchain" from your marketing copy

multiple such cases!

[โ€“] slazer2au@lemmy.world 0 points 5 months ago

exactly, like I said, there is only 1 thing it could be used for, but there are better options for that anyway.