BlockChains and Welcomer

The article "BlockChain a new economic model" describes how a Distributed Consensus Ledger can create new economic opportunities and new economic models.  

BlockChains are a method of implementing Distributed Ledgers. Welcomer is another way.  A Distributed Ledger is a way of having the same identifier across different data silos for the same Identity.  BlockChains do this by starting with a token for an Identity in any data silo and distributing the same token to other silos in ways that cannot be changed.

Welcomer creates a Distributed Ledger by creating a Network of interconnections where Identity emerges from the interconnections. With Welcomer data silos all have different identifier tokens for an Identity be it a person or company or house or program or money token.  A unique Identity emerges from the Welcomer connections and the activity over the connections.

The Identity created with Welcomer connections is a richer more complex structure than the BlockChain data structure.  Importantly it closely models the real world of Identities and the relationships between Identities.

Welcomer fits seamlessly into the existing structure of online commerce and online information. BlockChains are a new technology and will require retooling of existing systems for its wide deployment.  Welcomer uses existing technologies and can be introduced incrementally into systems.

Distributed Consensus Ledgers have wide uses.  Welcomer creates a Distributed Ledger as by-product of creating a distributed Identity from silos of information.  Welcomer does not need consensus and the complexities this entails.

Using a Brain analogy Blockchains are part of a electronic Reptilian reactive brain.  Welcomer adds a Mammalian Prefrontal Cortex to the Reptilian Brain so that Welcomer can examine itself and improve.

Welcomer enables all the economic possibilities of BlockChains plus a whole lot more.