[gbarc888]

The banks aren't using trustless consensus. They're using a third-party "uniqueness service" to prevent fraud.

[mtkd]

I doubt this message will propagate further than technical forums - you're just going to have suck up the homogenization, pasteurization, retail branding and consumer promotion of a once great technology

[lhl]

Interesting, my original understanding was that they were using the blockchain for uniqueness for Corda, but it looks like it's optional: https://r3cev.com/blog/2016/4/4/introducing-r3-corda-a-distr...

This somewhat makes sense since one of Corda's departures is that consensus and validation are limited in scope to the participants.