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by gaigalas
41 days ago
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That is an offshoot topic which is, in my opinion, irrelevant for the sovereignty discussion. I'm here just to clear out the confusion regarding the infrastructural pieces. The core PIX is undeniably sovereign and state-owned, and the Amazon downtime was lack of resilience on the part of the banks (which they could have totally designed around but decided not to). |
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Sure, I can see the confusion, I should have made that clearer.
Let me rephrase it: the "core PIX" is mostly an implementation of ISO20022 (pain,pacs, etc) messaging on top of HTTP APIs and BCB's own ledgers, plus a centralized KV datastore (Dict).
The implementation was excellent, but there is no technical moat in the "state-owned" part of the solution
The biggest technical challenges were, by design, delegated to the private sector, heavily relying on US hyperscalers to achieve Pix's operational requirements.