The corporatocracy of global banking is tied up in a Gordian knot Legendary cryptographer Nick Szabo says the only way to realise seamless, automated, and global financial integrity is if banks embrace permissionless blockchains, like the system Bitcoin runs on.
If banks were to embrace permissionless blockchains they could participate as well or better than the newcomers, Szabo told IBTimes.
"But their bureaucracies are so heavily invested in the expertise and importance of local regulations and […]
