I wonder what the long lasting impact of the cryptocurrency craze will be. Will there be any white paper, technology or insight that gets repurposed for something useful?
@ekuber Banks: plural. I meant across banks, not within a single bank; that wouldn't be very useful.
I'm sure there are other solutions; each with their up and downsides. A blockchain keeps a nice distributed ledger, and can scale outside of a single jurisdiction. Note that you don't need proof of work for this particular use case; use can have blockchains without it.