WHY BLOCKCHAINS AND DISTRIBUTED SYSTEMS ARE GOOD SOLUTIONS FOR INTERBANK DATA SETTLEMENT
WHY BLOCKCHAINS AND DISTRIBUTED SYSTEMS ARE GOOD SOLUTIONS FOR INTERBANK DATA SETTLEMENT https://www.fiverr.com/photoshopmagics Blockchains came with a myriad of promises; both big and little. From structural re-engineering of the worldwide economic order around egalitarian values to an easy functionality allowing us the power to buy local goods without the necessity for intermediary financial institutes. In theory, this promise still holds its ground. However, despite the huge expansion (and correction) of the cryptocurrency market over the last two years, blockchain technology has still fully reached its potential in terms of real-world applicability. One of the good potentials uses of blockchains and offshoot distributed technologies is their viability nearly as good solutions for a spread of knowledge settlement scenarios; none more critical than interbank settlement. At their most elementary, blockchains are semi-automated clearinghouses that function as per clearly defined algori