Nasdaq’s recent announcement shows you need a strategy for both
I have argued for some time that the world of “blockchains” is actually two worlds: the permissionless world of “bitcoin-like systems” and the permissioned world of “ripple-like systems”. The reason we so often talk about them together is because they share a common architecture: the “replicated, shared ledger”.
But they solve very different problems. Tim Swanson has written about the permissioned-ledger world and my last post gave an argument for why banks, in particular, should be paying close attention to them.
But this observation can be dangerous if people believe they are building a “blockchain strategy” for their firms when they are actually focusing only on the permissioned world.
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