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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 r

by 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.