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So much for Blockchain's real life use cases (lemmy.ml)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] RedDoozer 1 points 4 months ago

The keyword is "private." The redundant system all the banks maintain can be reduced to a private, permissioned blockchain, creating a network for the banking system to handle their own transactions in addition to a seamless inter-bank communication.

I doubt a network for just one bank can be that useful compared to the current situation.

Also, I'd say that every bank has (had?) a team researching the blockchain.