RE: Corda: A New Distributed Ledger Protocol That Can Kill ACH Transfers For Good

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Corda: A New Distributed Ledger Protocol That Can Kill ACH Transfers For Good

in fintech •  8 years ago 

And why would I trust a consortium of banks' blockchain as opposed to a public one?

fintech
8 years ago by

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      ·  8 years ago 

    Valid, valid point. This does not decentralize anything, there's no reason for you to trust them any more with this system. The only thing it does is change how the banks themselves transact amongst themselves. Also, important to note that this is not a blockchain system, it's simply a protocol that was inspired by blockchain technology and cryptography.

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