On: JP Morgan Unveils USD-Backed Cryptocurrency for B2...

[bhaak]

Thanks for the link. I knew there were other consensus algorithms possible but I didn't know of any specific example.

The main point still stands though, the different consensus algorithm allow you more insight than a simple centralized DB that is just a black box.

[askmike → bhaak]

I agree very much. I have worked on quorum based blockchain systems for bank consortiums in the past.