I've read the article, and many like it, but I can never find an actual explanation of exactly how a problem was solved using blockchain technology. It's alway

I've read the article, and many like it, but I can never find an actual explanation of exactly how a problem was solved using blockchain technology. It's always marketing speak, with reference to all the wonderful properties of "blockchain technology", and diagrams like [1], which could have simply been summed up in three words: "no payment intermediary". Although... doesn't that diagram look like they just changed the intermediary's name from "Payment Intermediaries" to "BCSIS Blockchain platform", plus added some cool-looking server icons? But the source code will almost certainly never see the light of day, so we will never really know how they use blockchain technology. At the end of the day, I think it's a lot more likely that this bank's software provider created a new solution and just said it has "blockchain technology" because it's a vague buzzword, and then the bank released a press release based on this, again because of the buzzword effect. [1] http://www.straitstimes.com/sites/default/files/blockchain.png http://www.straitstimes.com/sites/default/files/blockchain.p...