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RE: Why does it make sense to use Blockchain tecnology to process payments?
Nice post, long but nice.
To me blockchain is a structural architecture, thinking this way the current world of cryto-currences or chain don't matter too much.
About the subject of this post, blockchain architecture if you think that 100% of nodes has a copy of the entire chain is really good to stay in 100% of uptime (considering that you have a good amount of nodes), this is more game changer than speed of transaction. The current network has lot of 0.00x cents of transaction lost each transaction, sure that 2 sides validation and faster is good. However never lost transactions or the shop say that the card machine system is off is really marvelous.
Hi, thank you for your comment! I agree, blockchain architecture has also the advantage of being more resilient than centralised architectures. Speed and resilience are two important advantages. Another important advantage, mentioned in the post, is the elimination of counter-party risk, and that changes de economics of payments. That, in my opinion, is the game changer, not technical benefits.