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> the root cause of friction in fixed income trading: the lack of direct origination and data quality across market participants. By leveraging a permissioned n
by troupo 3y ago
> the root cause of friction in fixed income trading: the lack of direct origination and data quality across market participants. By leveraging a permissioned network,
Blockchain has nothing to do with "data quality across market participants". Bad data entered into blockchain remains bad data.
- mand1575 3y agohence origination - bad data can be fixed. try calling 30 different vendors and rely on downloading the file to run the M2M night-cycle
- troupo 3y agoBasically, you're lacking a platform that brings all those things together. What blockchains may give you is a slow append-only log, which is a very minor part of that platform. And making everyone move to that platform is a much bigger challenge :)
- mand1575 3y agothat's been the journey - but signed the biggest market and about to launch the brokered CD market Speed or throughput is not a challenge for origination - no one is mining a Bitcoin here!