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A secret Google deal let Spotify completely bypass Android’s app store fees
(www.theverge.com)
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this post was submitted on 21 Nov 2023
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These micro-examples are a reminder that corruption is a part of every human system, no matter how perfect the design.
There will always be concertgoers cutting the unwatched fence to sneak in for free.
The only plausible solution is elective transparency. Either your company and financial metadata are available for independent third party review, and records retained as defined, or else you’re not a company.
Don’t ascribe to it, get boycotted.
The plausible solution is named Blockchain and smart contracts. Until then...
Okay. I’ll answer seriously to this. Blockchain can’t store an entire contract (not within reason). Likewise, contracts will never be made public. So at most you’ll get is a pointer to where the contract is held. The contents of the contract can be changed (though you could put a checksum in the chain too), but that still doesn’t address things. Also if you are concerned about “well no one else has a contract” then all that needs to happen is everyone gets a contract, then the chain is inundated with contracts and all you’d have is a pointer and a checksum and you have no idea what’s in the actual contract.
Not only that. Backroom deals without public documentation has been done since the beginning of humanity.
Even if blockchains were widely used, these things would happen outside the blockhain and no one would be the wiser.