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How Keeta processes 11M financial transactions per second with Spanner
- soaringseagull 1y agoI cannot believe i missed this
- SilverCipher 1y agoInteresting article from Google. Keeta seems to have a legitimate differentiator in their architecture. I've been DYOR and I suspect that once a few companies start using their network, Keeta will quickly become indispensable because of their speed and low usage cost. Also wonder if those companies who sell over Keeta will pass the savings on to consumers. hmmm :) Thanks xescure
- jeanPF 1y agoI quote Google Cloud literally, today August 14: "Tens of trillions of dollars worth of value are transferred across outdated financial systems daily — and Keeta Network has proven it has the speed, scale, and security to be the foundation for a new, interconnected ecosystem." "Google Cloud was also instrumental in helping to prepare and execute Keeta’s stress test, providing world-class infrastructure and technical guidance that helped validate the network’s real-world performance"
- keetamaxi 1y ago[dead]
- ramraj07 1y agoHow is it a distributed block chain if it runs on their Google cloud account exclusively?
- drdrey 1y agodistributed != decentralized
- ainiriand 1y agoSeems to be neither.
- typpilol 1y agoDistributed between the data center walls I guess
- tucnak 1y agoTechnically, NUMA is distributed. Shrugs. TigerBeetle hello!
- jorangreef 1y agoHello! :)
- gigatexal 1y agoOh cool a blockchain crypto thing that will actually be compliant and do KYC and such and not take forever to settle things. If crypto destroys the fx money changer companies that charge egregious fees and makes it such that I can send money to friends and family without delay and fees I’d be all for that. Maybe sane officials will let the US Federal Reserve launch a digital dollar and finally fix all the middle men sucking no-value-added rents out of the financial system
- delusional 1y agoThe problem with a good "blockchain crypto thing" is that if they were going to be good anyway, there are much better/cheaper technologies for doing banking. Blockchain technology is not just a scam industry by happenstance. The technology is so bad at what it usefully does that it necessitates being a scam industry. If it was to compete with mainline banking, it would lose 10 times out of 10.
- OutOfHere 1y agoKYC compliance is not a feature. It is a liability. Identity data is both leaked and abused all the time. Google had a data breach just two weeks ago.
- yunohn 1y agoCould you provide a source for Google’s “KYC data” breach?
- OutOfHere 1y agoKYC data is PII data. I'm referring to Google's Salesforce breach, which most certainly included substantial PII data. Moreover, other companies like Coinbase that do KYC have had their KYC data stolen this year as well, putting the lives of asset holders at risk.
- yunohn 1y agoKYC data is by definition PII data, but the opposite is definitely not true. You can have PII data without it being relevant to nor mandated by KYC regulations. Please understand that the muddying of terms only harms your argument, instead of strengthening it.
- OutOfHere 1y agoThat difference matters only to the institution. To the user, however, the risk and damage from the leak of any type of serious PII is one and the same in that it is a risk to be avoided. In other words, the technicality you state is the difference between the user getting punched in the guts versus in the gonads. Both are to be avoided.
- yunohn 1y agoSorry, but this is objectively not true. Like everything, nuance is crucial and our societal-legal system relies on it for a reason. Leaking PII like names and phone numbers, versus KYC specific PII like ID proofs is a completely different ball game. This argument is not about levels of harm, just your lack of understanding of nuance tbh.