Trusted third party owned by the banks, or providing audited services to the banks. Banks trust the third party because contracts are enforced by law as well as federal and industry regulations.
Ain't no judge gonna throw up is hands and go "well, the smart contract says so, my hands are tied!". Blockchain doesn't solve anything where there is a functioning legal framework.
You can't use technology to solve a problem that isn't a technology problem.
Ain't no judge gonna throw up is hands and go "well, the smart contract says so, my hands are tied!". Blockchain doesn't solve anything where there is a functioning legal framework.
You can't use technology to solve a problem that isn't a technology problem.