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by chc 5347 days ago
Why was DataTreasury the first to implement this system? Probably because technology was just getting to the point where their idea was feasible, and megacorp banks do not tend to be very fast-moving. I mean, look at the state of banks today — they're still 5–10 years behind the state of the art.
1 comments

But DataTreasury wasn't a bank.

Was there a flood of overlapping patents for similar technology at the same time?

I brought up my entry into the industry in 1994 because '94 wasn't a slow year for tech at all. It was about a year before the bubble started blowing up, but there were lots and lots of small companies doing software.