3 ms·
It's not a distributed payment system, its a centralized one (owned and controlled in every way by JP.) There's no reason to add the problems of distributed da
by hobs 8y ago
It's not a distributed payment system, its a centralized one (owned and controlled in every way by JP.)
There's no reason to add the problems of distributed data to your payment systems unless you HAVE to.
- reallydude 8y ago> owned and controlled in every way by JP The benefits of private transactions without notifying the processor (and circumventing financial regulation, or at least delaying it), is immediately obvious. It's a distributed payment system. The control you mention, is subjective.
- philwelch 8y agoThere's distributed and there's distributed. Blockchain might be overkill, but it solves the "JPM's transactional database of financial transactions is down" problem.