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From course:

Blockchain in Modern Trade

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Question:

Accessibility

Author: David Dimonu



Answer:

Strong permission-based access protocols offer a theoretical level of privacy that should meet the most exacting standards of business and governmental agencies. Any user’s access to information within a private Blockchain can be restricted by their permissions. However, as anyone who has worked within a large organization will attest, changing the permissions for access to even privately-held data is not an instantaneous or friction-less process. In order to verify approvals and action changes, several levels of approval may be required, and resources have to be made available, and paid for by someone. Extrapolate these checks and balances across a supply chain that covers multiple users in multiple organizations, across multiple time zones, speaking multiple languages and you could have an access-to-information nightmare.


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