/biz/ - Business & Finance

>>51697054
Banks are known to outsource literally everything remotely IT-related, but surely this time will be different.

>>51697164
>permissioned DON
Protip: you can do this with private blockchains because they're deterministic and consensus is basically a matter of "yes or no" for each node. You cannot do this with a broad range of publicly available non-deterministic data since they'll soon find out that third-party oracles can do this much faster, safer, and cheaper. For the price of a single centralized oracle transaction you get potentially dozens of node responses.

>>22744158
>Plot twist: Financial derivatives already exist and is working without problem.
"Horse & cart already exist and are working without problem"

There's a reason ISDA and many others are looking at smart derivatives.

>>17396379
No, banks for instance adore outsourcing tech.

Pic very related.

>>17293654
>it's cheaper to build your own oracle network and secondary features like mixicles, threshold signatures, etc. than to use an already established standard
You may just be an actual dummy.

Also, ask ISDA (the industry leader in derivatives).
See pic.

>>17203441

>major companies will just make their own orac...