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> Distributed ledgers are being used for real business cases in banking. Realizing these full benefits will take a very slow process of societal adoption and le
by Kina 4y ago
> Distributed ledgers are being used for real business cases in banking. Realizing these full benefits will take a very slow process of societal adoption and legal/evidentiary recognition.
Looking at JPMorgan's Liink, there is no proof that this is anything more than a cynical publicity stunt to try to capture some of the money sloshing around in the crypto hype. Most of its touted features are things that could have been done without blockchain and should have been done decades ago if they were willing to invest in modernizing things.
- mlyle 4y ago> cynical publicity stunt to try to capture some of the money sloshing around in the crypto hype It's not being sold to end-user rubes. It's a way to try and suck banks into JPMorgan's technology ecosystem (promising to settle repurchase agreements faster and save lots of interest intraday). It's not huge yet-- only about $1 billion per day flows through it.