American Express Thinks Blockchains Could Help Prove Payments
AmEx's patent highlights the tech's role in retaining "transaction data, contract data, proof-of-payment data, identification data, and/or other information as desired," with the idea being that a blockchain network – possibly a public one – would serve as an extra layer of proof for transactions that take place on AmEx's network.
An article about another major company exploring the blockchain in order to make their business more efficient. And American Express needs more proof of transactions from what I've heard from small business owners who have charge backs from customers that aren't warranted. A constant battle for them.
Read the full story here...
https://www.coindesk.com/american-express-thinks-blockchains-could-help-prove-payments/
Proof-of-payment data is good example of bank secret. ;) .
OR
BITCOIN - proof-of-payment data AND ZCASH - bank secret.
Well said
Hey. Good day mate
What do you think about the scalability/tps problem?
I think a lot of smart people are working on those problems, the technology is so young that it has a ways to evolve yet
I agree.