MASTERCARD MAKES BLOCKCHAIN BUT DOES NOT KNOW WHAT TO DO WITH IT

in #crypto6 years ago

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We all know that Blockchain can do some pretty impressive things and that companies are starting to jump on the bandwagon and making their own blockchain.

Well, Credit Card processor "MasterCard" has built a Blockchain that can run their whole entire network.

However, vice chair Ann Cairns said “You just don’t replace existing technology with blockchain because you may not create a better user experience,” she explained.

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MasterCard has been actively pursuing and developing their blockchain technology for a while, and now that they have it they don't know what to do with it. Only time will tell when they can transition their system to the new blockchain platform. When they do are they going to offer crypto currency as a form of validator or will it be centralized? I want to be a node and have MasterCard pay me interest for being a validator.

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they will get around it eventually. for now it appears they just acknowledged blockchain.

ATLEAST THEY HAVE JOINED THE BANDWAGON AND LOOKING TO INTEGRATE TO THE BLOCKCHAIN. WITH THAT KIND OF NEWS, IT ADDS VALIDITY AND VALUE TO THE TECHNOLOGY.
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