Accenture to Debut “Editable” Blockchain Next Week

FacebookTwitterGoogleVkontakteRedditEmail this page

Global professional services group Accenture has announced a prototype that they call an “editable blockchain.” The firm says the concept addresses immutability concerns and the right to be forgotten laws.

Also read: Accenture Exec Says Bitcoin Immutability Is a Flaw, Not a Virtue

Accenture Editable Blockchains Preferred By Banks

accenture Last week, an executive from Accenture described Bitcoin’s immutability as a weakness. Now, the company has designed a distributed ledger platform to address this alleged fault. Accenture says data can be edited on this blockchain, but only under  “extraordinary circumstances.” 

The prototype according to Accenture is immutable to its user base but, if necessary, designated administrators can “edit, rewrite, and remove blocks of information.” The company says it enables this feature with a new function called “chameleon.”

The hash function recreates algorithms that link blocks together with private keys. The new feature

Read more ... source: TheBitcoinNews