I will admit I have no real understanding of this letter of credit but we have seen banks move well past the issue of cryptocurrency and taking blockchain seriously. I think it has actually moved much faster than we all thought given the initial furor of banks over blockchain and crypto.

So maybe with things like Ripple coming aboard and all these platforms like Corda coming, maybe the global banking world will all be on blockchain with their own private systems.

Death of decentralization for blockchains? Or just a big divide between public and private?