Nouriel Roubini Knocks Amazon’s New Blockchain Services as a Centralized Database Only

2018-11-30 23:48

Nouriel Roubini shows that he does not believe in the potential of blockchain technology. He wrote a Tweet in which he comments on the Amazon Web Services announcement in which the company decided to launch two new blockchain services.

According to Nouriel Roubini, the new products are centralized, permissioned and private and not distributed as in other blockchain systems. So he says that there is no reason to call it a blockchain network, instead, for him, it is a centralized database.

Centralized, permissioned, private, with the authentication by trusted authorities, not-distributed. So why bother calling it a Blockchain? It is no blockchain. It is a centralized database. https://t.co/tLOpIcJqWO

— Nouriel Roubini (@Nouriel) November 29, 2018

However, Twitter users started to explain how blockchain technology works and how it can be implemented in many different ways. According to a Twitter user, Blockchain is a concept that represents information that is structured in a specific way without focusing on whether it is centralized or decentralized.

The Chief Executive Officer at AWS, Andy Jassy, launched the Amazon Managed Blockchain on Wednesday. This service will be leveraging blockchain networks in order to register millions of transactions. At the same time, Jassy explained that the company has been working with its clients understanding the specific requirements they had before creating new solutions.

There are two blockchain frameworks supported by Amazon. One is Hyperledger Fabric and the other is Ethereum. With this service, it will be possible for customers to have an easier access to two of the most popular blockchain frameworks.

Jassy has also mentioned that the company is using Hyperledger Fabric and the web service can scale thousands of applications.

Jassy commented about this implementation:

“When we head people saying ‘blockchain,’ we felt like there was their weird convoluting and conflating what hey really wanted. And as we spent time working with customers and figuring out the jobs they were really trying to solve, this is what we think people are trying to do with blockchain.”

Nouriel Roubini is known in the virtual currency space as one of the main critics of cryptocurrencies. He several times said that Bitcoin (BTC) has no intrinsic value and that it is a bubble that will not last long. Mr. Nouriel Roubini is also known for predicting the market crash in 2008, before Bitcoin’s creation.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0100291 (+7.61%)
Объем 24H $25.057k
Изменеия 24h: 5.20 %, 7d: 30.40 %
Cегодня L: $0.0090557 - H: $0.0100291
Капитализация $732.823k Rank 1812
Цена в час новости $ 0.3233 (-96.9%)

services blockchain nouriel roubini new amazon centralized

Источник: bitcoinexchangeguide.com

services blockchain → Результатов: 126


Alux Bank ICO

Lux Ant Digital aims to reach the scale to offer traditional services and emerging banking products encompassing the environment of the Blockchain era. The project is focused on the creation of a electronic banking using Blockchain technology to reduce costs in third-party services, and thus reduce the efforts for the final consumer.

2018-8-30 16:33


Liquid8 ICO

Liquid8 is a blockchain-based peer-to-peer multi-functional platform that aims to revolutionize the digital economy, by bridging the gap between real-world assets and the emerging digital economy. Liquid8 will introduce a peer-to-peer digital services platform, where owners of real-world assets: traditional assets and alternative assets, are able to “tokenize” their asset, allowing the asset to be represented by digital tokens within the blockchain ecosystem.

2018-7-9 15:47


InfraCoins Blockchain Real Estate Property Listing Launches INF Token ICO

One of the numerous application of Blockchain Technology lies in property listing for apartments, villas, hotel rooms and office spaces. InfraCoins leverages blockchain technology to assist in enabling these services to reach the threshold of transition from fiat to crypto by developing a platform focused on the practical application of smart contracts and blockchain technology […]

2018-7-7 22:21


On the backdrop of recent developments concerning the status and the future of cryptocurrencies in India, Bitcoin has been dragged into a political scandal between the country’s two major parties. We’ve covered the story in today’s Bitcoin in

Also in the daily, check the details around some BCH-related projects and services, as well as the latest incarnations of the blockchain technology. However, he also quoted local press mentioning figures of up to 88,000 crore rupees, close to 13 billion USD.

2018-7-7 16:12


Global telecom blockchain consortium unveils working group for remittances!

A global blockchain consortium of telecom carriers has announced that six further major international telecoms firms are joining its ranks, CT Japan reports today, July 6. The consortium, dubbed ‘The Carrier Blockchain Study Group’ (CBSG) has also today unveiled the creation of a new blockchain working group that will focus on global remittance services. Launched

2018-7-7 01:17


Maltese Parliament Passes Three Bills on Distributed Ledger Technology

The Maltese Parliament passed four bills — one to establish Infrastructure Malta and three others for the regulation of the distributed technology sector in the country. According to Maltatoday, the three new bills for the blockchain industry include “Malta Digital Innovation Authority Act,” “Innovative Technological Arrangement and Services Act” and the “Virtual Financial Asset Act.

2018-7-6 15:26


Scienceroot ICO

Scienceroot aims to improve the scientific and research community using blockchain technology. The goal is to create an ecosystem where anyone in the scientific community around the globe will have the ability to gather funding, interact, discuss research ideas, collaborate and in the end, publish their work through a more efficient, open and transparent platform.

2018-7-6 01:30


FSA Denies Plans to Make Changes to Regulations Governing Cryptocurrency Exchanges

Japan’s Financial Services Agency (FSA) finally refuted recent reports stating that it plans to make some changes to existing cryptocurrency regulations. The FSA is the government agency responsible for regulating the insurance, securities, exchange, and banking sectors in the country to ensure the stability of the financial system.

2018-7-5 16:39


Фото:

Malta Passes Blockchain Bill to Confirm Itself as the Blockchain Island

The Parliament of Malta has passed three bills into law that establish a regulatory framework for blockchain technology, local news outlet Malta Today reported July 4. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. In May, the Transport Minister of Malta

2018-7-5 07:26


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum's latest buy signal - Are ETH whales buying yet?

Ethereum’s exchange reserves hiked over the past week Most metrics suggested that ETH might continue to rally  The crypto-market has turned bullish over the last 36 hours, allowing most cThe post Ethereum's latest buy signal - Are ETH whales buying yet? appeared first on AMBCrypto.

Arcblock crypto jumps 64% in one month: Is $4.12 next?

Arcblock crypto’s price has increased by 64% in the last 30 days. Bullish pressure is significant in the token’s market. ABT, the native token of Arcblock crypto, a platform designed to The post Arcblock crypto jumps 64% in one month: Is $4.12 next? appeared first on AMBCrypto.

Ethereum ETF chances 'slim to none' as SEC considers ETH 'security'

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange ComThe post Ethereum ETF chances 'slim to none' as SEC considers ETH 'security' appeared first on AMBCrypto.

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.