@Musthaveben Will permission-less COTI, after V2 launch, be competitively pursuing

Question

@Musthaveben Will permission-less COTI, after V2 launch, be competitively pursuing

opportunities such as this?

https://finance.yahoo.com/news/canton-network-completes-most-comprehensive-140000253.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAN5Gp3B8zc6A-qxT3kiLutKSEuTKeSCZDpAvDWR3bff1VrBMLFhCViWwWP8sdJdEHEMmHYFr2hHsUYtfrZ_IHPlVsX4g7OuO0VJkoiqN5DQjW2l_YRCqejhbtV4XcOtxE7xqQKJamcAFxquGE1dPlLYgs2YgqOTSTiQzTev8GkDd

#coti #cryptocurrency #english

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20.03.2024

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Gareth · Accepted Answer

Very interesting - I thought this would be coming, finance world would always want to control any blockchain products, the idea of working with an outside company who owns a large % of the tokens would not be agreeable for them. My brother just so happened to recently create a break through software product for numerous banks and is now dealing with VISA. He’s met with many board members of major banks, including Barclays. These guys are old school, move slowly because in their world, main concerns are with compliance and regulation, many think very little of crypto. Canton Network could potentially sideline projects that only offer piecemeal solutions or can't compete with the level of interoperability and regulatory compliance that the network demonstrates. I think cryptocurrency platforms might find it challenging to carve out their niche if the larger financial players and technology providers offer more complete, one-stop-shop blockchain solutions that align with regulatory standards. looking to harness the technology in a way that fits within the existing regulatory frameworks and meets industry standards for security and data privacy. From a business perspective, it's quite strategic for financial institutions to maintain control over the blockchain technology they adopt which of course would mitigate all the risks/volatility that comes with the cryptocurrency market while capitalising on the benefits of distributed ledger technology. Not great if your goal is to enter these markets imo.

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@Musthaveben Will permission-less COTI, after V2 launch, be competitively pursuing

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