Dear listserv members: In regard to the article at the link in this
posting, which states; "Blockchains are archival record keepers. Permanent
and transparent, they are the perfect solution for an industry-wide
problem of transmitting and archiving critical accurate records, with a
consortium of key industry players providing oversight as a trusted third
party. The key is to have a third party capable of independent checks and
balances, and the best way to achieve this is for every member in the
consortium to have a vested interest in maintaining 100% integrity of
every record in the Blockchain.² Further down in the article Deery claims
that ³systems of record² will be replaced by ³systems of authority².
The above statements are utter ³tosh² (to use a technical term:)). Here
are three simple facts that speak to the falsity of Deeryıs claims:
1
Does the Bitcoin Blockchain function as a decentralized archive, storing
original records from which records can be
accessed? No. Original records are not stored on the Bitcoin
Blockchain, only hashes of original records.
2
Is it possible to reproduce an original record from the hash of the
record stored on the Bitcoin Blockchain in order to authenticate it? No.
It is
not possible to reverse engineer a hash to reproduce a record.
3
Does using the Bitcoin Blockchain ensure the trustworthiness of the
records? No. Trustworthiness is only guaranteed if the
records are both reliable and authentic. Blockchain solutions do not
address the reliability of records, and there are many features of the
Bitcoin Blockchain that may negatively affect the authenticity of
information as well.
Given the heavy promotion of this technology as a record keeping solution
by Factom and others, there is a growing need for an DoD 5015 style
standard. In other words, let the industry properly prove its claims
through certification against a recordkeeping standard.
Best wishes,
Victoria Lemieux
Associate Professor, Archival Science
The University of British Columbia
On 2016-05-08, 12:34 PM, "Records Management Program on behalf of PeterK"
<[log in to unmask] on behalf of [log in to unmask]> wrote:
>The Blockchain has established itself as a unique tool in the cryptography
>field, one capable of establishing archival permanence while delivering
>unprecedented transparency through public availability. When combined
>together, these allow the Blockchain to represent a true revolution in the
>way records can be secured against hacking and fraud.
>
>So far, the worldıs most prominent example of a successful Blockchain
>comes
>from its originator: Bitcoin. But as the Blockchain model is considered
>for
>business, medical, and governmental use, questions arise regarding the
>creation of an independent Blockchain that is, a Blockchain wholly
>separate from the Bitcoin community. Fortunately, the answers demonstrate
>how Blockchains can truly be an independent and unbiased arbiter of
>records
>for just about any industry, as long as sensible systems established by
>the
>Bitcoin model are put in place.
>
>
>
>http://bit.ly/1TO0SDb
>http://bit.ly/1TO0SDb+
>
>
>--
>Peterk
>Dallas, Tx
>[log in to unmask]
>Save our in-boxes! http://emailcharter.org
>³If only there were a massive entity that I were forced to fund to tell me
>how I should live my life, since Iım so obviously incapable of deciding
>for
>myself.² M. Hashimoto
>
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