Bonds, bananas, tomatoes? Doesn’t matter, if they’re on your private, permissioned blockchain then that blockchain is worse than useless. gckaloudis writes for Crypto Long & Short.
To defend his position, Solomon shared how Goldman Sachs used a private blockchain to arrange afor the European Investment Bank that was settled in 60 seconds instead of the usual five days. Praise be to its private blockchain!
Sure, maybe adding a blockchain is a solution, but really, it’s not for one main reason: Private, permissioned blockchains are worse than useless.Blockchains have killer apps – but this isn't it
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