Ludwin: Blockchains differ from databases by giving asset owners direct control
Adam Ludwin · a16z Podcast | Blockchain vs/and Bitcoin · Jan 2, 2019 · at 30:17
Adam Ludwin, co-founder of Chain, defines the structural distinction between permissioned blockchains and legacy centralized databases.
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“So a blockchain is a database, so we shouldn't overthink it, but it's different from a traditional database in two critical ways. First of all, it's shared. So in other words, it's distributed to every participant who is participating in the network. And then the critical difference that I think most miss is that in a blockchain, the assets are controlled by the owners of the assets, right? Whereas in a traditional database, the assets are controlled by whoever owns the database, who's ever running the database.”
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