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None. Suffer. (lemmy.world)

submitted 10 months ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] Peruvian_Skies@sh.itjust.works 2 points 10 months ago* (last edited 10 months ago) (3 children)

I have a friend who works at a major bank and they use Blockchain technology to keep track of something or other internally, though I don't remember exactly what. In this case at keast we can bet that it has found a problem worth using it to solve. Banks are nothing if not efficient.

I find it funny that it was touted as an alternative to the current banking system and ended up being absorbed into it though

[–] lurklurk@lemmy.world 4 points 10 months ago

I envy your trust in the efficiency of banks

[–] sik0fewl@lemmy.ca 2 points 10 months ago

If it's used internally, then I question whether it made sense to use blockchain. At the end of the day, it's probably the trust in the bank that matters and not blockchain.

[–] Blue_Morpho@lemmy.world 1 points 10 months ago

Banks are nothing if not efficient.

Banks are businesses made up of people. If a manager thought he could get a promotion by supporting a blockchain project at the height of blockchain mania, that's what he would do. Whether if fails or not is of no consequence, the manager is already on another project.