Only two kinds of financial governance are known to socially scale: 1. traditional financial industry governance, with its lawyers, accountants, etc. 2. public blockchains with a strong trust-minimization ethos. Other forms of blockchain governance will fail or evolve towards #1.
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So private blockchains won’t scale? ;-)
Private blockchains have very poor social scalability, which is far worse than merely being unable to computationally scale. Poor computational scalability of a blockchain can be solved with layer 2 technology; poor social scalability cannot.
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If I have a Hyperledger Fabric deployment to track produce supply chain from farm-to-store, and I have 100 grocers as active participants, would you agree adding 100 more would scale linearly with # of peer nodes & scale exponentially socially since 100 stores already trust it?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Run a private chain parallel with an existing chain. ie
#EOSIO it will scale. Also their will definitely be other tools and forms of cross chain support in the near future. Private chains will be a huge business and typically you wouldn't need a private chain to scale sociallyThanks. Twitter will use this to make your timeline better. UndoUndo
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