RT @ETHGasStation: “The end game is enabling all the functionality of the Ethereum blockchain for enterprise users, with full privacy,”
“We believe that by 2030, more than half of all new business contracts will be done on a blockchain.” - EY’s Blockchain Leader Paul Brody
Instead, it wants to create some distance between the original data and what’s put on the blockchain. In essence, what it hopes to put on the blockchain will be a link to the data, not the data itself. So, if the blockchain did get compromised, the company would be able to cut off access.
Really the only problem I have with this. I understand the necessity from a company standpoint, but it could be exploited by other companies. Might work though, we will see. Just a bit against DeFi.