TOTAL: {[ getCartTotalCost() | currencyFilter ]} Update cart for total shopping_basket Checkout

Daily Dashboard | Blockchain vendors working to temper banks’ fears Related reading: OMB to issue government-wide AI risk mitigation directive

rss_feed

""

""

American Banker reports blockchain vendors are working to assuage fears banks may have regarding the technology’s transparency. While private blockchain transactions currently in development are only allowed for trusted entities to participate, banks are concerned about revealing sensitive information to their competition. Blockchain vendors are working to restore privacy in distributed ledgers by permitting users to encrypt important information, or completely leave them off the chains, despite the fact it will undermine other blockchain benefits. "If regulated financial institutions implement the technology in a compartmentalized way that shields regulators' mission-critical information, then regulators will have missed the once-in-a-lifetime opportunity to gain necessary tools for keeping the system safe and sound," said former Morgan Stanley executive Caitlin Long.
Full Story

Comments

If you want to comment on this post, you need to login.