PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

A Blockchain is Born & a Blockchain Dies

By Tim Sloane
March 23, 2018
in Analysts Coverage
0
2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
New Product from Paystand Combines Card & Blockchain Rails for B2B Payments

New Product from Paystand Combines Card & Blockchain Rails for B2B Payments

Google, according to Bloomberg, is preparing to release a ledger that will deliver a secure cloud-based storage utility. At the same time, according to the Financial Times, JP Morgan has been unable to get other banks interested in its blockchain, called Quorum, and so they’re kicking it out of the house (“operated independently of JPMorgan”).

These two articles continue to highlight the lack of a clear terminology to describe blockchain. It is highly unlikely Google will utilize a proof of work or proof of stake protocol for its distributed ledger. In fact, it is more likely that Google has just found an interesting way to lash together public/private keys with both a hashing and sharding algorithm to secure data in the cloud. This is only a blockchain for publicity and marketing purposes.

JP Morgan has discovered what Ripple discovered ages ago, that a generic blockchain managed and operated by an organization independent of the users of the application will be unable to address any specific regulated use case. To solve this problem Ripple created a foundation of its users. The foundation operates the Ripple network and defines and deploys upgrades. Only when the regulated entities control the infrastructure can regulatory oversight (such as FDIC 3rd Party Management regs) be properly addressed.

The blockchain experiment continues unabated, but Ripple aside, it appears it will take longer than it took the LASER before regulated applications are deployed that benefit from the secured transactional Blockchain technology.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

 

2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: BlockchainGoogle

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    supply chain payments

    The Payment Process: The Supply Chain’s Most Overlooked Cyber Risk

    July 17, 2025
    Navigating Global Fintech Regulations Through Strategic Regulatory Arbitrage

    Navigating Global Fintech Regulations Through Strategic Regulatory Arbitrage

    July 16, 2025
    AI Is Turning Accounts Receivable Into a Strategic Powerhouse

    AI Is Turning Accounts Receivable Into a Strategic Powerhouse

    July 15, 2025
    Embedded Finance

    Embedded Finance: Bringing Payments Under a Single Umbrella

    July 14, 2025
    Making Real-Time Payments a Reality

    Fulfilling the Promise: Making Real-Time Payments a Reality

    July 10, 2025
    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result