Monday, 5 September 2016

'Settlement Coin' is All About Banks, Not Blockchain - CoinDesk

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Bank reserves can't be used for settlement on a permissioned blockchain: they can only be used for settlement via a central bank RTGS system. In contrast, our Utilities Settlement coins – we assume – would be used for settlement on a permissioned blockchain collectively owned and managed by the consortium…. why would this arrangement be of interest to a bunch of banks? What advantages would it give them over existing central bank RTGS systems?

From 'Settlement Coin' is All About Banks, Not Blockchain - CoinDesk

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