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RE: Why FB Crushing STEEM Would Be Great For Humanity...And Why It Will Not Happen 👍
Anecdotal blockchain story:
I am a contract worker at but not for a big name health insurance company. Walking down a hall in our building yesterday, passed a conference room with maybe 70 people in it. On several large flatscreen displays was one word in all caps, BLOCKCHAIN. Call it a guess, but given vast amounts of privacy issues related to HIPAA regulations, I can’t imagine they were discussing an open source distributed ledger. Like FB, they’ll likely be using the word blockchain to describe what’s really a database.
Bingo @preparedwombat.
That is exactly what these corporations are referring to when they talk about "blockchain". They have no interest in blockchain since it destroys their business model. Hence, they are really talking about shared databases.
As for the medical, I agree that is what is being referred to. However, I think ultimately it moves past that point, at least for research. There are some articles I read about companies who are trying to figure out some privacy aspects for blockchain. For example, I read about an open supply blockchain that shippers are using. Of course, one company does not want the other to know how much and where things are being moved. Hence, this outfit was working on ways to use the blockchain while keeping some data private on there.
I dont know how it will all turn out but imagine if all medical histories are on the blockchain but total privacy. The reasearchers (along with AI) could look at the data on all cancer patients, say, and come up with advancements in their research.
Perhaps a pipe dream of mine but I believe someone will break that code and figure it out.
Argggh. Blockchain will become the new buzzword and yep, those using it will have it all wrong. Too lazy to actually take the time to figure it out. I love love love the whole decentralized aspect and enjoy watching those with their money-minds stuck in the 20th century trying to figure out how to get around it and make it bend to their narrow way of thinking.