International criminals will be delighted
That is all.
Mastercard is opening up its blockchain API to select partner banks and merchants. For those approved for sign-up, Mastercard boasts that its tech will improve "cross-border, B2B payment flows". There are tons of blockchains out there, and Mastercard isn't the first enterprise actor to work on a B2B distributed payment system …
That is all.
IMHO Mastercard being a terra firma entity then, if it is their Blockchain surely they are obliged, on demand, to reveal transactions in there, and show what due diligence they performed in order for any transaction to be stored. In other words, standard money laundering checks for transactions entering or leaving the Blockchain.
Explain 'Blockchain' in one sentence...
Its the thing you point at, when you say: "That's a Blockchain"
The sentence is one year's* hard labour, the prisoner will have a 90cm blockchain shackled to his leg for the duration, which will, in turn, be attached to a 15cm diameter iron ball with a mass of 8kg.
*How long do you want the sentence to be?
A 15cm diameter iron ball has a mass of 13.89kg. Unless it is hollow of course, which would be quite fitting for a Blockchain.
Good morning, that's a nice Blockchain.
>'Blockchain' in one sentence...
Simples. It's a chain, made out of blocks..
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