IBM has cut its blockchain team down to almost nothing

Re:IBM has cut its blockchain team down to almost nothing – ... by Tenoke on Wednesday February 03, 2021 @10:35AM (#26014533)

It isn't. One of the reasons why e.g. the stock market is so huge is that participants rarely need to trust each other as the guarantees are provided elsewhere. Imagine if every buyer had to trust every seller (and vice versa) on every transaction.

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Re:IBM has cut its blockchain team down to almost nothing – ... by duxup on Wednesday February 03, 2021 @10:41AM (#26014606)

Because they trust the exchange who does more than blockchain though. That example seems off.

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Re:IBM has cut its blockchain team down to almost nothing – ... by Tenoke on Wednesday February 03, 2021 @10:48AM (#26014691)

..And here you can trust the blockchain instead of the other party.

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Re:IBM has cut its blockchain team down to almost nothing – ... by duxup on Wednesday February 03, 2021 @10:56AM (#26014771)

I don't think Blockchain provides what an exchange provides.

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