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These new technology instances are most powerful when you using a consortia model.Below is a diagram showing at the bottom platform consortia.In this triangle, one can only achieve two of three sides at any time.The three most important features of blockchain/shared ledgers: 1) Consistency 2) Full Decentralization & 3) Enterprise Scale.In my blog post: "The Trend Towards Blockchain Privacy: Zero Knowledge Proofs", I go into deep detail about these systems and why they are being implemented.This includes zk Snarks, Zero Knowledge Proofs, z Cash, Hawk, Confidential Transactions and State Channels. Consortiums make sense because the success of shared ledger and blockchain technologies requires significant levels of market participation, collaboration and investment.The trust is shifted to the shared ledger/technology solution.The participants just need to have similar requirements in terms of: All participants need to commit to complying with the operating rules of the consortium.
This makes most ways of doing consensus not suitable.t In fact there are many different solutions which are being deployed to tackle the privacy problem.In the private models it is much more expensive and exclusive.Incidentally companies like R3 are also part of and main contributors to Hyperledger through one of the main projects Fabric.So for example with Bitcoin and Ethereum, you get full decentralization and consistency (all nodes get data replicated to them) but you can't get enterprise.With this triangle you can shift it like a slide ruler, so you can have something between full decentralization and centralization, but of course you will lose consistency or scale as you do.
The DACs are truly a new business model as they are building decentralized companies in which the network participants are part owners of the company.