this post was submitted on 22 Aug 2024
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491
Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse (arstechnica.com)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 4 months ago (2 children)

Distribution ensure integrity of data. Let's say we sign a contract, cryptographically sign it and all that good stuff but then oh no, where we stored your contract went up in fire and now I don't have to honour that contract. (contrived example I know)

[–] [email protected] 8 points 4 months ago* (last edited 4 months ago)

All parties who are involved in the contract can store a copy of a contract, even if it's not distributed to everyone else.

[–] [email protected] 0 points 4 months ago

The signing ensures the integrity of the data, whether using a public block chain or not.

The signed document can be distributed as widely as you'd like - it doesn't need to be attached to a block chain to do this.