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A lot of the press and mindshare goes to the public blockchains like Bitcoin, but a ton of investment and work is being done on decentralized ledgers and soluti

by dahdum 10y ago

A lot of the press and mindshare goes to the public blockchains like Bitcoin, but a ton of investment and work is being done on decentralized ledgers and solutions for financial institutions. Digital Asset Holdings[1], for example, is building a distributed ledger for Australian Securities Exchange (ASX) to process post-trade settlement using HyperLedger. [1] https://digitalasset.com/ https://digitalasset.com/

bendbro 10y ago
Why is this better than what already exists?
- dahdum 10y ago
  Post-trade settlement is a very manual and time consuming process, a new solution built on a distributed ledger has the potential to drastically cut costs and reduce settlement time.
  - discodave 10y ago
    For a financial institution, why is the blockchain better than existing distributed systems like paxos or gossip protocols?
    - dahdum 10y ago
      I'm not an expert in those protocols, but since the blockchain is essentially just a shared ledger, it maps cleanly to their existing needs.
    - bendbro 10y ago
      Why are distributed protocols necessary in the first place? I know nothing about this space.
- deleted 10y ago
  [deleted]
paavokoya 10y ago
>decentralized ledgers and solutions for financial institutions So is it decentralized or is it centralized to a company? You can't have both. It also isn't decentralized if you can mute/alter transactions. You're assuming people will allow you to use their computers/servers for free to run your transactions.
- dahdum 10y ago
  Distributed ledgers are one ledger shared by all parties, untrusted and using some form of voting. Decentralized ledgers are multiple copies of the ledger shared among mostly trusted parties. Financial institutions are far more likely to use decentralized ledgers for their projects.