Terence Eden. He has a beard and is smiling.

Terence Eden’s Blog

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Would a Blockchain have prevented LIBOR fraud?

· 12 comments · 750 words · Viewed ~480 times


A flowchart guides users to determine if a blockchain is suitable: Starting with "Do you need a shared, consistent data store?", if NO, consider Email/Spreadsheets; if YES, ask "Does more than one entity need to contribute data?". If NO, consider Database (with auditing caveat); if YES, ask "Data records, once written, are never updated or deleted?". If NO, consider Database; if YES, ask "Sensitive identifiers WILL NOT be written to the data store?". If NO, consider Encrypted Database; if YES, ask "Are the entities with write access having a hard time deciding who should be in control of the data store?". If NO, consider Managed Database; if YES, ask "Do you want a tamperproof log of all writes to the data store?". If NO, consider Database; if YES, "You may have a useful Blockchain use case."

I am massively sceptical of any claims that Blockchain can be useful. I even took the Certified Blockchain Professional course so I could better understand the batshittery. At the risk of appearing on QTWTAIN, and seeking a papal indulgence from Betteridge, I think I might have stumbled on a retroactive use-case for Blockchain! First up, what is LIBOR and what was the scandal which led to…

The complexity is the attraction - reflections on trying to use crypto

· 19 comments · 600 words · Viewed ~620 times


A fiver and some coins on a table.

A few weeks ago, someone wanted to send me some crypto. After spending months studying for a Blockchain exam, I usually avoid such things. But, hey, $20 is $20. So I signed up for a wallet, installed an extension, verified my credentials, saved a seed phrase, and - without too much technical fuss - had some crypto transferred to my account. So far, so good. Compared to a traditional financial…

A list of incredible BlockChain innovations which I would like funding for please

· 8 comments · 900 words · Viewed ~260 times


A tiny lego Storm Trooper eats a chocolate coin.

Dear the venture capitalists. I am a very charming white man and am prepared to drop out of university if you'll invest in these ideas. In the future, all your clothes are an NFT. "Wow! I love your blouse." "Thanks, here's a smart contract showing where I purchased it from. If you buy one, I get 10% of the sale price back in WoolworthsCoin." Applause Tokens™. A smart monitor under your t…

Offline Digital Currency Transactions

· 2 comments · 850 words


A tiny lego Storm Trooper eats a chocolate coin.

Wouldn't it be good if digital currencies worked offline? I'm going to talk through a proposed user experience, and then discuss how it would work in practice. Let us imagine a future digital currency ₢. It might be fiat, it might be crypto, doesn't really matter. Alice loads up a smartcard with ₢100 and locks it. Alice gives Bob the smartcard. Bob uses offline verification to see that the sma…

What is the user need for cryptocurrency?

· 1,150 words · Viewed ~328 times


A tiny lego Storm Trooper eats a chocolate coin.

I was at an event a few months ago, where someone from the Bank of England was talking about understanding the user needs for cryptocurrency. One of the things people do when trying to create a new product or service is to write little user stories to illustrate the problem they're solving. You've probably seen this sort of thing: As a… busy parent, I want… a push alert from my washing mac…

My shop will gladly accept a competitor's discount coupons

· 2 comments · 650 words · Viewed ~368 times


A tiny lego Storm Trooper eats a chocolate coin.

Welcome to my shop! We have everything that you want to buy. We accept cash, cards, and any discount coupons or vouchers from any other shop! Got a 10% off with Amazon? We'll take it! Buy 1 get 3 free from CostCo? Roll right up! Free TV with every HDMI cable purchased from Fred's Electronics Warehouse? Give it here! Does that sound likely? Stores normally accept manufacturer discounts quite…

MSc Assignment 6 - Professional Practise 2 - Blockchain

· 1 comment · 5,850 words · Viewed ~1,614 times


Logo for the Certified Blockchain Professional.

I'm doing an apprenticeship MSc in Digital Technology. In the spirit of openness, I'm blogging my research and my assignments. This is my final assignment! It's from the PP2 module - where I take some CPD related to my profession. I picked Blockchain. Because I hate myself. I've blogged about the course itself. The middle two parts of this paper are about that - why I chose it and how I put it …

Certified Blockchain Professional - Module 17: Open Research Problems in Blockchain

· 350 words


Logo for the Certified Blockchain Professional.

As previously discussed, I'm doing the Certified Blockchain Professional course. It is self-directed learning, so I'm going through it at my own pace. In order to consolidate my learning, and help organise my thoughts, I'm blogging about my reflections on each module. These are mostly notes to myself - but I hope if you find something interesting (or incorrect) that you'll leave a comment. The…

Certified Blockchain Professional - Module 16: Blockchain as a Service

· 200 words


Logo for the Certified Blockchain Professional.

As previously discussed, I'm doing the Certified Blockchain Professional course. It is self-directed learning, so I'm going through it at my own pace. In order to consolidate my learning, and help organise my thoughts, I'm blogging about my reflections on each module. These are mostly notes to myself - but I hope if you find something interesting (or incorrect) that you'll leave a comment. I…

Certified Blockchain Professional - Module 15: Security in Blockchain

· 450 words


Logo for the Certified Blockchain Professional.

As previously discussed, I'm doing the Certified Blockchain Professional course. It is self-directed learning, so I'm going through it at my own pace. In order to consolidate my learning, and help organise my thoughts, I'm blogging about my reflections on each module. These are mostly notes to myself - but I hope if you find something interesting (or incorrect) that you'll leave a comment. …

Certified Blockchain Professional - Module 14: Scalable Blockchain

· 1 comment · 450 words


Logo for the Certified Blockchain Professional.

As previously discussed, I'm doing the Certified Blockchain Professional course. It is self-directed learning, so I'm going through it at my own pace. In order to consolidate my learning, and help organise my thoughts, I'm blogging about my reflections on each module. These are mostly notes to myself - but I hope if you find something interesting (or incorrect) that you'll leave a comment. …

Certified Blockchain Professional - Module 13: Blockchain Project Implementation

· 2 comments · 600 words


Logo for the Certified Blockchain Professional.

As previously discussed, I'm doing the Certified Blockchain Professional course. It is self-directed learning, so I'm going through it at my own pace. In order to consolidate my learning, and help organise my thoughts, I'm blogging about my reflections on each module. These are mostly notes to myself - but I hope if you find something interesting (or incorrect) that you'll leave a comment. The…