Do they intend to keep the blockchain private ? I mean, at some point, someone will break into their private network (partners come and go...) and get a copy of the blockchain... Maybe even add a block on top of it.
This is a serious security flaw.
This is a serious security flaw.
What makes you think they would accept some block added by an unapproved entity? And what would it matter if they did if the block didn't contain valid transactions it would be rejected and if it did include valid transactions than it would be no different from any other block on the chain. The ability to add A block doesn't matter in blockchains. The ability to create a longer chain that is accepted does and it's quite easy to avoid that possibility in private chains.
It isn't a security flaw at all.
completely the opposite approaches to bitcoin itself.
2) who cares except Bitcoin owners? Bitcoin isn't the be all of blockchains and it isn't suitable for all problems. You say security by credentials like it's flawed too which is just you grasping for something to say.
All I am saying is: what is super special about the BTC blockchain, is that it doesnt rely on those at all, it doesnt need those things, because it has the magical property of security by Proof Of Work.
Removing that and still talking about a Block Chain like its a special thing, makes no sense to me.
Anyways this is all conjecture, its not even clear what they are doing in there. Would love to hear details.