Simple, it’s not. If it were, they’d have been using them for decades (blockchains were invented in the 70s).
The consensus algorithm, which is not the blockchain itself, was invented later. But banks don’t need to reach concensus with themselves. They all maintain their own data, and heavily guard it. So the only bad actor they could have is themselves. And they banks all keep watch each other.
vrighter@discuss.tchncs.de 1 year ago
Simple, it’s not. If it were, they’d have been using them for decades (blockchains were invented in the 70s).
The consensus algorithm, which is not the blockchain itself, was invented later. But banks don’t need to reach concensus with themselves. They all maintain their own data, and heavily guard it. So the only bad actor they could have is themselves. And they banks all keep watch each other.
Klear@lemmy.world 1 year ago
Preaching to the choir here.