Why use a blockchain?

+3 votes
I  have a read articles on the why a distributed ledger is good and better that a normal DB? Today with the cloud and new DBs  the flexibility in DB storage is pretty good. Any strong reason why the blockchain distributed ledger is much better than available traditional ledgers?
asked Aug 21, 2015 by anonymous

1 Answer

0 votes
Using a distributed ledger is valuable when you want to share control of a ledger between multiple entities, especially for financial purposes. In other words, where every entity controls its own funds, and no single entity can decide which transactions are confirmed. It also has advantages in terms of redundancy and efficiency for compactly proving that something happened (via a merkle tree).
answered Aug 21, 2015 by MultiChain
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