Every time I see blockchain proposed to replace existing processes I see few remarks on the investments required to set up a "shared, distributed database that spans multiple organizations".
I'm pretty sure the regulators will require these databases to have a high level of security (which is built in, blockchain adepts will say), a high level of resilience (per bank, not as a 'distributed' system). This will drive up cost.
On top of that, a distributed database of investment transactions must be able to handle the load of the many millions of such transactions per day. The data will be replicated, which will require tons of storage. And the systems will need to be fast, tons of servers required.
So, I'm not so sure this will happen in the near future.
In addition to others that did something similar, the BBL headoffice in Brussels, Belgium have even made a contest out of it in December '99. You could download a program and send in your own animations, see BBLMarnix2000.
It was fun to see the animations when driving towards it. Some can still be viewed in the archive.
Now these are three books (+ a prequel) that would give you spleepless nights until finished: - The Reality Dysfunction - The Neutronium Alchemyst - The Naked God and the "prequel" - A Second Chance At Eden Sometimes heavy but *never* boring. MUST READ.
Slashdot Mirror
Every time I see blockchain proposed to replace existing processes I see few remarks on the investments required to set up a "shared, distributed database that spans multiple organizations".
I'm pretty sure the regulators will require these databases to have a high level of security (which is built in, blockchain adepts will say), a high level of resilience (per bank, not as a 'distributed' system). This will drive up cost.
On top of that, a distributed database of investment transactions must be able to handle the load of the many millions of such transactions per day. The data will be replicated, which will require tons of storage. And the systems will need to be fast, tons of servers required.
So, I'm not so sure this will happen in the near future.
Similar in atmosphere and equally difficult to write a decent script for would be "Only Forward" from Michael Marshall Smith.
>> Where did Heinlein call it Beanstalk
.
Well, you should read "Friday" again. It's in the *very first* sentence: "As I left the Kenya Beanstalk capsule he was right on my heels".
It's a good name. He did mention Skyhook as well (Quito Skyhook), also on the first page
Heinlein called it "The Beanstalk"
In addition to others that did something similar, the BBL headoffice in Brussels, Belgium have even made a contest out of it in December '99. You could download a program and send in your own animations, see BBLMarnix2000. It was fun to see the animations when driving towards it. Some can still be viewed in the archive.
Now these are three books (+ a prequel) that would give you spleepless nights until finished: - The Reality Dysfunction - The Neutronium Alchemyst - The Naked God and the "prequel" - A Second Chance At Eden Sometimes heavy but *never* boring. MUST READ.