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The only public evidence of Mr. Hsu's connection to some of the political contributors who appear in his company's financial ledger can be found in campaign finance filings.
On the debit side of his life's ledger can be included his eager alliance with Soviet Communism; his slaughter of thousands of dissident Syrians in Hama; his avid support of terrorists worldwide; his military occupation of neighboring Lebanon; and most consuming of all, his abiding hatred of Israel, which made Assad the Arab world's most relentless rejectionist.
A decentralized ledger can be maintained by a proof-of-work (POW) consensus mechanism and reward incentive engineering.
This ledger can be accessed online by anyone.
Losses on one side of the ledger can be overcome by gains on the other.
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Distributed ledgers can be as open or closed as their purpose requires.
Unlike a bank ledger, which can be altered by its owner (or a government), the blockchain cannot be changed without simultaneously overwriting all of the thousands of copies used by the miners at any one time.
Entries in the database are configured in "blocks" which are then chained together using digital, cryptographic signatures – hence the term blockchain, which is really just a techie name for a distributed ledger that can be shared and corroborated by anyone who has the appropriate permissions.
We have seen how ledger systems can be hijacked.
R3 has its own proprietary ledger that can be used to develop applications, and it also supports an infrastructure network for financial services firms and technology companies to build their own ledger-based applications and services.
It is an almost incorruptible digital ledger that can be used to record practically anything that can be digitized: birth and death certificates, marriage licenses, deeds and titles of ownership, educational degrees, medical records, contracts, and votes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com