Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments
by kolbe on Thursday February 14, 2019 @04:11PM
(#19166067)
Can you explain? To me, it seems like control is what matters. And the DTCC controls access to its databases, whereas JPM controls access to its blockchain. Whether the parent organization is adding a +1 to a database or a +1 to cryptographic ledger seems inconsequential.
[ Parent
| on HN ]
Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments
by treis on Thursday February 14, 2019 @04:26PM
(#19166219)
>JPM controls access to its blockchain
Only for the initial group of banks invited to participate. After that it would be up to the consensus algorithm to decide if a prospective member can join.