>From a brief glance, it seems that they want to tie as many businesses together as possible into one private blockchain-based network in order to make payment verification and settlement quicker/more secure. Banks are already looking into this and exploring their own private blockchain network. [1]
Hasn't Bitcoin already started such a network? What would be the benefit of a private network? Will banks really be able to bring more computing power (and thus, have the largest chain) than the Bitcoin public?
Hasn't Bitcoin already started such a network? What would be the benefit of a private network? Will banks really be able to bring more computing power (and thus, have the largest chain) than the Bitcoin public?