Final word on blockchains

It seems that blockchain hype is beginning to encounter a bit of reality as exemplified by Matt Gault's recent posting. With one honourable exception this blogger, the OLTP Head, has never received proper answers to key questions on the whole technology but the following details are, he believes, widely accepted. Blockchains are based on an old data structure, the linked list, enhanced with some encryption technology and used to store transaction records for the transfer of digital tokens. Any connection between the digital tokens and real world objects, from gold ingots to legal contracts to works of art, must be defined and enforced separately in law courts or other regulatory organisation

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