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You don't have one authority, you have multiple issuing authorities (the BRICS countries) with sometimes competing objectives. It's in the interests of these co
by logicchains 3y ago
You don't have one authority, you have multiple issuing authorities (the BRICS countries) with sometimes competing objectives. It's in the interests of these countries to have a "trust free" mechanism in the sense that it minimises the ability of the other countries to screw them over.
- iluxonchik 3y agoYes, indeed! I would also expand on how the implementation of this on a public blockchain, expands the "trust free" feature to the general public, as derivatives can be easily created on a smart contract based blockchain.