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They standardized international shipping to everyone's benefit. I wonder what is keeping them from standardizing international transaction of government issued
by stcredzero 6y ago
They standardized international shipping to everyone's benefit. I wonder what is keeping them from standardizing international transaction of government issued money?
That's one way you can think of the next generation of blockchain. Think of it as a "container" for transactions. Lots of transactions in 2021 are still frightfully primitive. The whole recent GME/Robinhood debacle is actually an example. The only reason why online trading companies need such large amounts of liquidity, is that it takes days for the transactions to fully settle!
Blockchain will transition from a weird, new, shiny doohickey, to a way to facilitate transactions. Just like the Internet did.
- runarberg 6y agoNah, I’m much more hopeful of a good old fashion international treaties, perhaps a UN issued mandate, and perhaps an ISO standard to save the day. That’s really what happened when they standardized containers (and to a greater extent international mail delivery in 1874). There was no new technology, just agreed upon standards that governments signed up on.