[Recommend my two-volume book for more reading]: BIT & COIN: Merging Digitality and Physicality
Automated integrity of enterprise systems
Bitcoin Satoshi Vision (BSV), with the upcoming Teranode, is the only blockchain system that offers the kind of scalability and transactional efficiency required by any global adoption of blockchain technology.
One of the key benefits of such a system is not just the high-level verifiability itself but the automation of verification or, more broadly, automatically guaranteed integrity of data and processes.
I’d collectively call it “automated integrity”.
I often hear people say, “All that sounds nice, but most companies don’t need that level of verifiability. If paper signatures have largely worked, digital signatures such as DocuSign is more than enough.”
First of all, paper signatures actually don’t work. Their verifiability is mostly an illusion. The only benefit of requiring a paper signature is really a psychological one because it creates an empathetic feeling of commitment and also poses a hypothetical deterrence. But in reality, the verification of a paper signature is not only unreliable but also impossibly expensive.
But more importantly, shallow solutions like DocuSign do not offer fundamental automated integrity.
Without such automated integrity, the entire IT system of the world is neither scalable nor sustainable.
If you are skeptical of this conclusion, just consider these two simple numbers: the average annual growth rate of the global IT industry is about 7%, while that of the cybersecurity industry is about 14%, double the IT industry as a whole. Because cybersecurity is a pure cost within the IT industry, it fundamentally renders the IT industry nonscalable and unsustainable in the long term.
We don’t perceive the problem and feel it is okay only because, currently, the cybersecurity industry is only about 5% of the entire IT industry. However, given the currently projected growth rates, that percentage may double every 10 years, meaning that 10 years later, it might be close to 10%. If that still is not a problem, how about 20% after 20 years, 40% after 30 years, and 80% after 40 years?
Cybersecurity is not even the only problem caused by the lack of automated integrity.
With Teranode, Satoshi’s original blockchain (not BTC), which has unbounded scalability, high efficiency, and extremely low transaction costs, offers fundamental automated integrity to digital humanity.
But why are people, even President Trump’s team, still so blind and focused on crypto Ponzi schemes?
(See a relevant topic: The level of attestation required for a global blockchain solution)
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