Blockchain currencies are by definition secure, decentralized, open, transparent, and trusted yet crypto is often criticized for their crypto exchanges being ce

Blockchain currencies are by definition secure, decentralized, open, transparent, and trusted yet crypto is often criticized for their crypto exchanges being centralized single points of failure that can (and do) get hacked. In much the same way, the DTCC is a single point of failure that invites bad actors to attempt illegal naked short selling and other nefarious actions. IMHO the DTCC should be replaced with a smart contract.