5 ms·
> VaultOS is a bit like Amazon Web Services or Google Drive, but for what's called "core banking" — the technology that allows banks to hold deposits and accoun
by kordless 10y ago
> VaultOS is a bit like Amazon Web Services or Google Drive, but for what's called "core banking" — the technology that allows banks to hold deposits and accounts. Essentially, it's the heart of banking, around which everything else is built.
I hypothesis they are considering what I've been working on for about 4 years now, which is basically a blockchain + container/VM/repo deployment mechanism for infrastructure services. The people who were most interested in what I was presenting were financial institutions. The primary reason why was because that software shouldn't change a lot as it handles money. Changes to software that handle money typically == loss of funds. If you build a piece of software that gets deployed and versioned using smart contracts/DAOs/whatever blockchain thing, you end up with a fairly robust way of managing financial systems, and the various contracts those systems manage, including cryptocontracts running in the containers launched by other contracts.
In other words, the immutability of the blockchain should be able to be applied to infrastructure provisioning. My sense is that is what is happening here with VaultOS.
- technofiend 10y agoDo customers today look at an ATM and say "Oh it's running the 2.7 release! OK, I'm good then!"? It'll be interesting to see what perceived value there may be.
- kordless 10y agoDo you ever look at reality and wonder what version it's running? That's where all this is going...and the second it does, those Pokemon we're all chasing become de facto reality.
- technofiend 10y agoI'm still trying to figure out where to file bug reports and request root access.