nanog mailing list archives
Re: Blockchain and Networking
From: Michael O Holstein <michael.holstein () csuohio edu>
Date: Tue, 23 Jan 2018 16:12:15 +0000
Blockchain's objective was to make transactions non-repudiable and > they succeeded. However, that interacts with its decentralized
nature to make those transactions irreversible as well.
To re-use your example, banks don't "delete" the record of the bad check, they just create an offsetting journal entry, as both records are important to preserve. A transaction ledger is supposed to authenticate *every* transaction, and if you need to create an offsetting transaction, you do so in the same manner, and process the result in your code .. but the "bad" transaction DID happen as did your "deletion" of it, and as such, both actions are recorded. To apply to a real-world example .. Betty votes for X, but it's later determined that Betty was ineligible because (whatever). Betty's vote is recorded, as is the administrative cancellation thereof. It's critical that both transactions be recorded, attributed, non-reputeable. The system isn't designed to prevent fraud *itself*, it's designed to prevent alteration of the ledger. Regards, Michael Holstein CISSP Mgr. Network & Data Security Cleveland State University
Current thread:
- Re: Blockchain and Networking, (continued)
- Re: Blockchain and Networking Jimmy Hess (Jan 23)
- Re: Blockchain and Networking Brock Tice (Jan 23)
- Re: Blockchain and Networking John R. Levine (Jan 23)
- Re: Blockchain and Networking Jimmy Hess (Jan 23)
- Re: Blockchain and Networking K. Scott Helms (Jan 23)
- Re: Blockchain and Networking Christopher Morrow (Jan 23)
- Re: Blockchain and Networking Christopher Morrow (Jan 23)
- Re: Blockchain and Networking valdis . kletnieks (Jan 24)
- Re: Blockchain and Networking Anthony Kolka - Handy Networks LLC (Jan 24)
- Re: Blockchain and Networking William Herrin (Jan 23)
- Re: Blockchain and Networking Michael O Holstein (Jan 23)
- Re: Blockchain and Networking Mel Beckman (Jan 23)
- Re: Blockchain and Networking William Herrin (Jan 23)
- Re: Blockchain and Networking Jean-Francois Mezei (Jan 23)
- Re: Blockchain and Networking Peter Kristolaitis (Jan 08)
- Re: Blockchain and Networking Christopher Morrow (Jan 09)
- Re: Blockchain and Networking Hugo Slabbert (Jan 09)
- RE: Blockchain and Networking Naslund, Steve (Jan 09)
- Re: Blockchain and Networking Jean | ddostest.me via NANOG (Jan 09)
- Re: Blockchain and Networking Michael Crapse (Jan 09)
- Re: Blockchain and Networking Filip Hruska (Jan 10)