Tag: proof of reserves
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How Smart Contracts Can Prevent Bank Failures
There has been much talk about how proof of reserves(PoR) should be required for crypto exchanges. Less talked about is a how proof of reserve systems may also bring benefits to traditional banks. Here you’ll uncover and explore the proof of reserve use case in the context of open banking smart contracts. Open banking, facilitated…
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The Digital Dollar is the New Petrodollar, Because Data is The New Oil
Stablecoin leaders are singing a more pragmatic tune as of late. Paxos’ former head of portfolio management Austin Campbell spoke at the U.S. Financial Services subcommittee on digital assets. Himself, among other industry leaders, gathered in part to defend the industry and highlight good actors in the space. Austin started by noting that jobs will…