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Wednesday, July 11, 2018

"QFS Hashgraph" by Fireswan - 7.11.18

Entry Submitted by Fireswan at 3:59 PM EDT on July 11, 2018

Forgive me on IDC for some technical mistakes I made in my "reporting" on how the QFS works. I happened to talk to a scientist today at work who understand the hashing algorithms much better than I do. I realized that I need to understand the mechanics better if I am to report on it, and asked about how the hashes integrate with the Blockchain and how that exactly works exactly.

He responded. "Hashgraph not Blockchain".

Oh...

Turns out that Hashgraph is how the hashes are managed in the QFS, not through what I assumed were Blockchains. I thought that Hashgraph was how the unique identifiers were created, and Blockchains were how they were tracked/flowed through transactional pipeline, but Hashgraph is the transactional replacement for the Blockchain also.

Both techniques (Hashgraph and Blockchain) are the same to us (Workiva) because we use the resulting XBRL to assist with financial reporting. We need to be connected to the new system to receive the XBRL for the distributed ledgers, but we don't actually have visibility into how the XBRL for a given account is produced. (XBRL provides accounting codes for accounting/reporting software).

http://xbrl.squarespace.com/journal/2017/10/28/hashgraph-an-alternative-to-blockchain-for-distributed-ledge.html

Thank you ALL lightworkers, wayshowers, love bearers, humanitiarians for working with us techies energetically. Especially today. Energies are intense and most of the analytical techies here are frying. We need to "rise to the occasion". I can already see your support raising our vibrations.

I'll share stories later when I get off work this evening that will make you smile (knowing that you had a lot to do it...).

Forward not Backwards

Fireswan

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