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10 days agoI don’t see how a blockchain is necessary there. Couldn’t they just use transaction databases and simple messaging between banks? Also, what is your definition of blockchain? Just a distributed linked list? Proof of work (the part I don’t understand the need for)?
Okay, so it’s just a distributed linked list where earlier entries can’t be changed without changing everything up to the head? I guess I can see a few niche uses for that. In my head I was just thinking “surely that can’t be it” because it’s so simple, hence thinking the proof-of-[x] thing would also have to be part of it.