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1. One use case for this is trade settlement. Instead of the DTCC's status quo of T+3(days), if there are trades that can be settled on a blockchain, that can
by SkyMarshal 13y ago
1. One use case for this is trade settlement. Instead of the DTCC's status quo of T+3(days), if there are trades that can be settled on a blockchain, that can be reduced to T+1(hr) or less. Same with payment/transfer - ACH T+3 sucks, blockchain T+1hr or less is much better. A lot of research into both right now.
3. This one is interesting as there are some areas of law that computational law researchers have decided are uncomputable, hence requiring judges, arbitration, etc. Those probably won't be represented blockchains for the foreseeable future, at least until strong AI is perfected.
There's definitely a lot of noise about moving everything onto blockchains, but as you point not all of it makes sense. The name of the game, especially for startups and companies in this space, is to find what does.