[2016-04-06]The ‘Unsexy’ Way Earthport is Using Shared Ledgers for 'Blockchain'

[hendra147]

Jaramillo told CoinDesk:

    "There’s still a correspondent with bank A and bank B, and we use currency held at bank A and bank B. Structurally, that isn’t fundamentally changed, you still have counterparties. The advantage is [transactions] now all happen very quickly and everyone reconciles to single balances on the Ripple Consensus Ledger. They get driven down to near real-time."

http://www.coindesk.com/unsexy-earthport-blockchain-digital-currency/