# Common Confusion & Blockchains 

**Published by:** [graciouseats](https://paragraph.com/@graciouseats/)
**Published on:** 2022-05-31
**URL:** https://paragraph.com/@graciouseats/common-confusion-blockchains

## Content

Public blockchain networks such as Bitcoin and Ethereum, appear to be complex systems, due to the emergence of certain properties which only become observable at a system level from the choices made by a set of decentralized participants. Two of the most prominent properties of these complex public blockchain networks are trust and value. Use Case Example: Proxy Management A US Federal Department may rely on 40+ services and stakeholders to facilitate transactions ranging from paying taxes to buying financial products. However, no two services use the same mechanism for managing the information and associations of the legal entities they serve. This is further complicated by a heavy dependence on email and employee intervention. Blockchain may enable a shift in paradigm from ad hoc collection and duplicated effort, to a permissioned blockchain augmented with smart contracts. *Blockchains can be used to provide individuals with a consistent means of access, updates, and sharing of their information. Smart contracts can be used to build associations between users on the blockchain, enabling a framework for proxy actor authorization.

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