4 ms·

Thanks, this is super clear. But what prevents a double spend in this situation? I assume at some point the new owner commits the hashes to a blockchain under t

Thanks, this is super clear. But what prevents a double spend in this situation? I assume at some point the new owner commits the hashes to a blockchain under their own key.

dkoston 8y ago
JPMC will have to track the redemptions on a blockchain ir database to prevent double spend. As mentioned above, this is an internal efficiency system for JPMC, it doesn’t provide any consumer benefits unless they pass on the reduced costs