/biz/ - Business & Finance

Anonymous Wed Dec 5 17:15:02 2018 No.12020451 [View]
File: 33 KB, 564x423, kxves93hhqz11.jpg [View same] [iqdb] [saucenao] [google]

>>12020343
>thought that decentralisation came at a premium -
decentralization cuts out the trusted 3rd party that is currently required. Which is cheaper to operate? A bank or a computer program? Large companys will use private blockchains because the tech is immature and no one is going to trust public chains until they get there shit worked out. Private blockchains are still better than the current system because it is a distributed ledger that is shared between parties instead of everyone keeping their own books.

http://knowledge.wharton.upenn.edu/article/blockchain-will-impact-financial-sector/

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