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It is technical incapability of some financial institutions to set this up inside of their regulated position. Other freely operating entities across the globe
by 177tcca 6y ago
It is technical incapability of some financial institutions to set this up inside of their regulated position.
Other freely operating entities across the globe are not in the same position.
- tootie 6y agoIt's an interesting thought. Any online brokerage, lender or retail banker could probably set up an anonymous verification of asset ownership without going through background checks or credit agencies. You just need 2-party consent and verification, not a whole blockchain. The trick is not proving you own a thing, it's that you need to prove you haven't used it as collateral for anyone else or don't hold outstanding debts somewhere else. Blockchain will be completely useless for solving that. A universal identity (ie SSN) is the only option.