I don't have a financial services background myself, so assessing I can't really comment on the risk of consolidating custodianship and trading. But market consolidation will at some point run into legal and jurisdictional limits (data sovereignty), if not other ones first (do I really trust that giving you all this data doesn't give you an edge?). The idea behind the virtual shared DB is that you don't have to outsource the data, but you can still transact (with strong consistency) over data shared with many entities.
Like I said, I don't have a background in financial services myself, but there are people on my team who have vowed to never have to do reconciliation again. As you seem to wear the same scars, I'm very curious to hear your thoughts on the whitepaper based on your other good comments in the thread. Feel free to e-mail me (address in profile) or post here.
Like I said, I don't have a background in financial services myself, but there are people on my team who have vowed to never have to do reconciliation again. As you seem to wear the same scars, I'm very curious to hear your thoughts on the whitepaper based on your other good comments in the thread. Feel free to e-mail me (address in profile) or post here.