PAR: Hedge Fund ‘Crypto-Bridge’ Platform to Apply for BitLicense

[Ezekial2517]

The PAR Project (par.io) a Productive Asset Record system, has released its white paper today revealing the launch of its new platform. PAR is a management application for the administration of capital pools through blockchain technology.   

The PAR Foundation was founded in 2016 by Brian Kelly, Jacob Dienelt, Michael Sofaer, and George Samman. The focus of PAR is development of the world’s first transparent administration and audit application for lending and hedge funds, using blockchain technology behind the scenes.

https://news.bitcoin.com/par-hedge-fund-crypto-bitlicense/

[bbc.reporter]

"Using blockchain technology behind the scenes". What for? Why behind the scenes? Would not a database be a better choice for what they need? Some of these people outside of the cryptosphere just want to ride the bandwagon and they are missing the whole point of why a blockchain is a blockchain and the people's need for it.