Sorry Accenture, Bitcoin's Un-Editable Blockchain is a Feature Not a Flaw

Sorry Accenture, Bitcoin's Un-Editable Blockchain is a Feature Not a Flaw

A once-in-a-generation opportunity to upgrade our defenses against financial fraud is under attack. The immutable ledger, at the heart of bitcoin and blockchain technology, prevents bad actors from changing the record. Accenture has patented a new type of blockchain that allows pre-selected parties with access to the ledger to edit entries, claiming its prototype will be more attractive because it will allow information to be changed or deleted. Bitcoin and its technological innovation – a blockchain – have been heralded as the cure for what ails our antiquated financial infrastructure. I....


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