Brexit border issue solved!

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Blockchain May Resolve Irish Border Brexit Problem: Hammond

A solution to providing frictionless trade across the Irish border after Britain leaves the European Union might be found using technology such as Blockchain

Personally I think the knuckle dragger made a mistake by not throwing in enough buzzwords. He should have used "Machine Learning" and "AI" in his statement too.


This would have given him the credibility to propose this as a real solution.


:pac:

For Forks Sake

This is a party that can't even get an app for their own party conference right...

https://www.esquire.com/uk/latest-news/a23541977/that-colossally-embarrassing-tory-party-conference-app-data-breach-explained/

Mr. Incognito

Blockchain is just a ledger that records sequential transactions.

It is inflexible and blockchain includes kiddie porn and all other types of horrors that cannot be extracted.

In its ten years of existence the only application that has been found for it is a pyramid scheme.

People who spout this ****e are the same idiots buying some of that pyramid scheme.

It will go to ****e. Just like Brexit.

ohnonotgmail

I really love how detailed the proposal is.

seamus

I actually LOLed at this.

It's a running joke in the technology industry that whenever anyone has a problem, "blockchain" is the answer. Because it's not, but top-level businesspeople think it is, even though they haven't a clue what they're talking about.

At some point, some shyster got into boardrooms and MBA meet-ups and started talking about blockchain to get some money out them.

whiskeyman

Fighting Tao

Mr. Incognito wrote: »

Blockchain is just a ledger that records sequential transactions.

It is inflexible and blockchain includes kiddie porn and all other types of horrors that cannot be extracted.

In its ten years of existence the only application that has been found for it is a pyramid scheme.

People who spout this ****e are the same idiots buying some of that pyramid scheme.

It will go to ****e. Just like Brexit.

Very uneducated response about what can be done using blockchain technology, and no, I will not educate you.

Franz Von Peppercorn

Malcolm Large Bag wrote: »

Blockchain May Resolve Irish Border Brexit Problem: Hammond





Personally I think the knuckle dragger made a mistake by not throwing in enough buzzwords. He should have used "Machine Learning" and "AI" in his statement too.


This would have given him the credibility to propose this as a real solution.


:pac:

And augmented reality.

brevity

Fighting Tao

brevity wrote: »

True in 99% of cases but business loves buzz words and IT generally tell business what the correct solution is but the business side think they know better.

bpmurray

For the nay-sayers, the reality is that all the documentation for stuff going across the border could easily be included in a blockchain solution, including carnets and visas etc. like the solutions available in e.g. Singapore port. But, of course, that doesn't solve anything, not least because it requires that the EU then implement the solution across their borders.

However since Hammond clearly has no idea what that actually means, it's just a silly comment from a silly man in a silly party that's trying to implement a silly policy.

bpmurray

brevity wrote: »

Not familiar with blockchain then?

Mr. Incognito

Fighting Tao wrote: »

Very uneducated response about what can be done using blockchain technology, and no, I will not educate you.

If it could be. It would be.

It hasnt. It wont.

Fighting Tao

bpmurray wrote: »

For the nay-sayers, the reality is that all the documentation for stuff going across the border could easily be included in a blockchain solution, including carnets and visas etc. like the solutions available in e.g. Singapore port. But, of course, that doesn't solve anything, not least because it requires that the EU then implement the solution across their borders.

However since Hammond clearly has no idea what that actually means, it's just a silly comment from a silly man in a silly party that's trying to implement a silly policy.

One of the largest if not the largest shopping companies in the world are implementing blockchain for end to end transparency and readability of goods. Customs will be included in the future.

Another implementation is by Walmart to trace products from farm to table. Excellent if a recall is required.

But hey, many people on boards know better.

listermint

Mr. Incognito wrote: »

If it could be. It would be.

It hasnt. It wont.

Your wrong man, its 'big' business that is refusing to allow it to take flight. With Blockchain we could encrypt your McDonalds order from the Mic to the Tillperson, you dont know the possibilities. Man

Fighting Tao

Mr. Incognito wrote: »

If it could be. It would be.

It hasnt. It wont.

:rolleyes:
Practically no one drive a car 10 years after they were invented.

listermint

Fighting Tao wrote: »

:rolleyes:
Practically no one drive a car 10 years after they were invented.

They were not affordable.

Is that a serious response?

JohnnyFlash

Blockchain is a slow, inefficient, and hugely expensive database. A good analogy I heard is to compare it to a massive spreadsheet that everyone has a copy of. Any time someone wants to make a change to it everyone has to open it, add the new row, then verify that every other row is correct as well.

Loads of people bought magic bean crypto coins back in November, December and January. They have lost up to 99% of their value, yet they get defensive when you have the audacity to suggest that it probably isn’t wise that others do the same. The greater fool theory.

This is like something out of the onion.

Fighting Tao

listermint wrote: »

They were not affordable.

Is that a serious response?

Don’t know if your response is serious or not.

Mine however was at the highest level of seriousness that the previous poster warranted.

Bob Harris

Bollockchain more like.

Fighting Tao

JohnnyFlash wrote: »

Blockchain is a slow, inefficient, and hugely expensive database. A good analogy I heard is to compare it to a massive spreadsheet that everyone has a copy of. Any time someone wants to make a change to it everyone has to open it, add the new row, then verify that every other row is correct as well.

Loads of people bought magic bean crypto coins back in November, December and January. They have lost up to 99% of their value, yet they get defensive when you have the audacity to suggest that it probably isn’t wise that others do the same. The greater fool theory.

This is like something out of the onion.

Have you ever tried to look beyond cryptocurrencies? For example Maersk are not creating a cryptocurrency and are changing the way business is done in the shipping industry.

bloodless_coup

Fighting Tao wrote: »

Have you ever tried to look beyond cryptocurrencies? For example Maersk are not creating a cryptocurrency and are changing the way business is done in the shopping industry.

Nobody wants your boring facts.

It's much cooler to think that blockchain = Bitcoin and it's a pyramid scheme somehow.

listermint

Fighting Tao wrote: »

Have you ever tried to look beyond cryptocurrencies? For example Maersk are not creating a cryptocurrency and are changing the way business is done in the shopping industry.

Via what is basically Database redundancy.

or

Disaster recovery.


Its a slightly different viewpoint of the same outcome using different means.


But yeah, 'its new' ...

bpmurray

JohnnyFlash wrote: »

Blockchain is a slow, inefficient, and hugely expensive database. A good analogy I heard is to compare it to a massive spreadsheet that everyone has a copy of. Any time someone wants to make a change to it everyone has to open it, add the new row, then verify that every other row is correct as well.

Loads of people bought magic bean crypto coins back in November, December and January. They have lost up to 99% of their value, yet they get defensive when you have the audacity to suggest that it probably isn’t wise that others do the same. The greater fool theory.

This is like something out of the onion.

Nope it isn't. You're conflating Blockchain with cryptocurrencies' requirement to have an anonymous method for consensus, like the Proof of Work mechanism in Bitcoin and Ethereum. Cryptocurrencies use Blockchain mechanisms, but that doesn't make them equal to Blockchain. In other words Bitcoin != Blockchain.

In Blockchain applications where the parties have no need to be anonymous, as in document transfer and the like, a simple instantaneous consensus method can be used, making it as fast as any transaction, i.e. limited by the communication speed. It can be automated and it's very secure. This means that things like documents for customs, property ownership, shipping, title deeds, exam results, etc. all can be very easily and reliably managed by Blockchain applications, and can do so much more securely and much, much faster than the current equivalent manual systems.

Hurrache

Fighting Tao wrote: »

One of the largest if not the largest shopping companies in the world are implementing blockchain for end to end transparency and readability of goods. Customs will be included in the future.

Another implementation is by Walmart to trace products from farm to table. Excellent if a recall is required.

But hey, many people on boards know better.

Such traceability is already implemented throughout stores in the EU, even right down to the fishing grounds your fish was caught in. And recall is excellent.

bpmurray wrote: »

This means that things like documents for customs, property ownership, shipping, title deeds, exam results, etc. all can be very easily and reliably managed by Blockchain applications, and can do so much more securely and much, much faster than the current equivalent manual systems.

Not sure what era you're posting from, but these things aren't all done manually.

Fighting Tao

listermint wrote: »

Via what is basically Database redundancy.

or

Disaster recovery.


Its a slightly different viewpoint of the same outcome using different means.


But yeah, 'its new' ...

No. By speeding up the transport of goods. Many delays are caused by paper documentation and email. Their use of blockchain technology removes these aspects and automated many of the processes that were manual. Read up on it. It’s quite interesting how disruptive it is to the current market while greatly improving it and efficiencies.

Blowfish

Fighting Tao wrote: »

But hey, many people on boards know better.

Do you realistically think that it would be possible for the UK & EU to fully develop, test and implement a blockchain solution that covers all entrypoints in NI and all entrypoints in the EU given the timeperiod available?

That's ignoring the obvious that Blockchain is fine and all for a record of trades, but how does it do anything at all to solve smuggling? Stuff would still need to be checked while crossing the borders, hence infrastructure would be required so it doesn't solve anything.

JohnnyFlash

Blowfish wrote: »

Do you realistically think that it would be possible for the UK & EU to fully develop, test and implement a blockchain solution that covers all entrypoints in NI and all entrypoints in the EU given the timeperiod available?

That's ignoring the obvious that Blockchain is fine and all for a record of trades, but how does it do anything at all to solve smuggling? Stuff would still need to be checked while crossing the borders, hence infrastructure would be required so it doesn't solve anything.

Yip, applying a digital record to a physical asset is trivial and companies and governments have been doing it using IT systems for decades. Blockchain brings almost nothing new to this. The really hard part is ensuring the asset gets a record in the first place, that record is updated by all parties, and that asset is something the owner or potential owner wants recorded in the first place.

brevity

bpmurray wrote: »

Not familiar with blockchain then?

I am. I just don’t think it’s the right solution for this issue.

I’d be surprised if people involved were comfortable using Dropbox never mind Blockchain technologies

listermint

JohnnyFlash wrote: »

Yip, applying a digital record to a physical asset is trivial and companies and governments have been doing it using IT systems for decades. Blockchain brings almost nothing new to this. The really hard part is ensuring the asset gets a record in the first place, that record is updated by all parties, and that asset is something the owner or potential owner wants recorded in the first place.

Blockchain brings built in encryption to the party and redundancy.

Something that other systems have been doing for years. But 'buzzword' Catch all saviour that is blockchain

Fighting Tao

Hurrache wrote: »

Such traceability is already implemented throughout stores in the EU, even right down to the fishing grounds your fish was caught in. And recall is excellent.

Recall only works properly when the consumer finds out about it. If I recall correctly, Walmart’s implementation will permit consumers to query any item no matter when they bought it. Yes it is possible using existing technology but can be made more efficient using blockchain. For example, if a producer in China had an e-coli outbreak and many products could be affected across many wholesalers and retailers globally. The farm could be marked on a blockchain and immediately every product that could have come into contact with a product of that farm can be flagged for recall globally. This could happen in seconds rather than wait for government bodies or individual retailers issue a recall. The current method had countless points of failure.