Re:Big Banks Are All Over Blockchain
by gaius on Wednesday December 27, 2017 @03:44PM
(#16017869)
So A needs some kind of global ledger to keep track of how much cash B actually has, and double check whether it's already told C, D, E that they have all of it.
https://en.m.wikipedia.org/wiki/Nostro_and_vostro_accounts
This is a long solved problem. No blockchains necessary.
As an aside this is a problem I often see in fintech pitches...