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Showing 4 of 4 results by Trenton30
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Board Beginners & Help
What kind of hardware are businesses using to run Blockchain on?
by
Trenton30
on 23/04/2018, 19:08:20 UTC
I know most bitcoin miners are focused on a GPU rig. They do whatever they can to get as much power out of those GPUs with the proper cooling apparatus and so on and so forth.

Now, let's take a bank as an example, a large bank. They've got the money and the resources. They also have a ton of data to support.

What kind of hardware would be needed to run their system? How many GPUs? Are they thinking about it?

I am interested in the hardware they have to implement to scale for their business purposes. Or is the hardware at that level not important? Thoughts?
Post
Topic
Board Bitcoin Discussion
Re: What is the general consensus on Blockchain for business?
by
Trenton30
on 23/04/2018, 17:21:02 UTC
Quote from: check_it_out on April 23, 2018, 04:46:35 PM
I think the most interesting feature of bitcoin is the feature to stay anonymous after the transaction being conducted.

So if you're a company which require a very high level of security and secrecy, then yes bitcoin will help you a lot.

But if that is not the case, and bitcoin wont help you much except for trading

Would you agree that is the case even with permissioned blockchain?
Post
Topic
Board Bitcoin Discussion
Re: What is the general consensus on Blockchain for business?
by
Trenton30
on 23/04/2018, 15:51:33 UTC
Quote from: Welsh on April 23, 2018, 03:46:41 PM
Before we start looking at the general opinion of the blockchain and it's adoption by companies and public sectors, why do you think it's a negative for Bitcoin and it's community?

The blockchain is a ground breaking technology which I feel could be utilized in many different companies/governments. It's the perfect system to hold public records. If the government adopted this sort of system to record their records then this would be one of the most groundbreaking things to have happened and results in more transparency to the people.

I don't think it's a negative for Bitcoin and it's community, I was asking the community if it is or not. I have read posts where those in favor of the Bitcoin complain about a permissioned blockchain system where our financial institutions seem to be headed towards. Therefore, I would like to get clarity before I start assuming.

I share your exact sentiment, I think blockchain technology has the potential to raise our species to another level. It has the potential to increase privacy, security, and trust in an efficient manner. If I could wave my magic wand and make the world blockchain enabled, I would.

I want an opinion from Bitcoiners towards the technology being adopted by big banks and the sentiment about it.
Post
Topic
Board Bitcoin Discussion
What is the general consensus on Blockchain for business?
by
Trenton30
on 23/04/2018, 15:44:12 UTC
Hey Bitcointalk!

New user here with a pressing question.

I know this is a Bitcoin forum, all things related to Bitcoin, but I cannot help and see the business world taking off with Blockchain Technology, especially Permissioned Blockchain.

What is the Bitcoin take on this? Do you view it as a threat? Is it welcoming news?

The articles that I am reading talk about all the different use cases taking off in the business world utilizing blockchain technology, yet not a lot of forums on this subject. I just don't know if it's ignored on purpose or if there's not much to be said, or if it's avoided since it's a negative for Bitcoiners.

I'd love some feedback. Specifically related to Blockchain in Banking.