[2015-10-28] Private 'Distributed Ledgers' Miss the Point of a Blockchain

[LiteCoinGuy]

Private 'Distributed Ledgers' Miss the Point of a Blockchain

Bitcoin may have had the most successful marketing campaign of any web technology in recent years. But now there’s a new buzzword making waves throughout the financial industry: “distributed ledger.”

http://www.americanbanker.com/bankthink/private-distributed-ledgers-miss-the-point-of-a-blockchain-1077435-1.html

[RustyNomad]

The most important part of the article....

If a ledger is not a public resource, it will have the pressures incumbent to existing settlement systems plus the overhead of maintaining a shared database among competitors. What efficiency will remain thereafter remains dubious.

The banks should take note.