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Topic: [2016-10-15]Fed Governor Emphasizes Blockchain Security & Immutability (Read 227 times)

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Fed Governor Emphasizes Blockchain Security & Immutability

Fed Governor Emphasizes Blockchain Security & Immutability
Since the beginning of the blockchain hype, banks and financial institutions have emphasized the importance of permissioned blockchains or private networks in overseeing cross-border transactions and the settlement of assets. Federal Reserve governor Lael Brainard disagrees, stating the security of blockchain networks should always be the priority.
Earlier in September, multi-billion dollar research firm Accenture spurred a series of controversial discussions upon the introduction of “editable blockchains,” with which blockchain operators such as banks and financial establishments can manipulate and control data on the network...

https://btcmanager.com/news/tech/fed-governor-emphasizes-blockchain-security-immutability/
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