3 ms·
In pretty much the same way that a decentralized database like a blockchain would. You interact with the centralized database to permit the transaction requeste
by idiotsecant 6y ago
In pretty much the same way that a decentralized database like a blockchain would. You interact with the centralized database to permit the transaction requested by the loan distributor, probably via 2FA.
The only difference in the schemes is whether you need to trust the centralized database or not. Most people would much rather trust a large institution than have responsibility for managing their key.