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Visa Introduces the Visa Tokenized Asset Platform

usa.visa.com

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Re: Visa Introduces the Visa Tokenized Asset Platform

#21

Post by lottin »

MuffinFlavored wrote: post #18
dartos wrote: post #11

Blockchain and b2b banking infrastructure seems like a more sensible use case, since the transaction processing infrastructure can be offloaded to the ethereum network instead of the visa’s infrastructure for some kinds of transactions. What used to take days may now only take minutes. Unless this is just another avenue for speculative trading…

I always had a dumb question on this. Say I'm Walmart and I want to adopt blockchain to hold distributors accountable or whatever usecase. Why does that have to be tied to some coin / why does it have to be public? aka... I'm sure Walmart has (many) instances of things like free-open-source software like Postgres, Redis, etc. Why not "blockchaind"? Big companies host their own infrastructure (or use it hosted by AWS)…

Why would anyone use a private blockchain instead of a regular database?

Re: Visa Introduces the Visa Tokenized Asset Platform

#22

Post by Jimmc414 »

lottin wrote: post #21
MuffinFlavored wrote: post #18

Earlier quoted context omitted.

I always had a dumb question on this. Say I'm Walmart and I want to adopt blockchain to hold distributors accountable or whatever usecase. Why does that have to be tied to some coin / why does it have to be public? aka... I'm sure Walmart has (many) instances of things like free-open-source software like Postgres, Redis, etc. Why not "blockchaind"? Big companies host their own infrastructure (or use it hosted by AWS)…

Why would anyone use a private blockchain instead of a regular database?

Byzantine generals not trusting each other

Re: Visa Introduces the Visa Tokenized Asset Platform

#23

Post by dartos »

Jimmc414 wrote: post #22
lottin wrote: post #21

Earlier quoted context omitted.

Why would anyone use a private blockchain instead of a regular database?

Byzantine generals not trusting each other

If your blockchain is private, you already need to approve and this trust each member.

Re: Visa Introduces the Visa Tokenized Asset Platform

#25

Post by WhereIsTheTruth »

I was right since the beginning, the cryptocurrency fad was a test, to both harden and crowdfund the development of a CBDC

To make people perhaps want to "want" it

https://www.edps.europa.eu/press-publications/publications/t...

https://www.federalreserve.gov/central-bank-digital-currency...

What's interesting tho, is Brazil (Lula's administration), let Visa acquire their crypto fintech Pismo last year

https://investor.visa.com/news/news-details/2023/Visa-to-Acq...

Re: Visa Introduces the Visa Tokenized Asset Platform

#29

Post by Bloedcoins »

yieldcrv wrote: post #17
Bloedcoins wrote: post #15

Earlier quoted context omitted.

The blockchain is decentralized (as far as you can call it decentralized when a lot of stuff is running on well known cloud providers or you actualyy don't know if someone circumvented the staking mechanism and owns more staking server that you know, imagine a state actor like china) but all the assets are not. You still need the centralized classical PoS system to make sure that these assets are actually lawfully ow…

what you’re missing is that its not about an ethos of decentralization, its about the alternatives being inadequate in having a similar platform at all using standardized public smart contract platforms sufficiently abstracts the level of development needed to maintain these clients and accounts, since the platform and other nodes handle that. the alternative is some other cloud platform, where you have to write ever…

Just that you need to aling on one blockchain (https://en.wikipedia.org/wiki/List_of_blockchains). So if i would be VISA or anyone else, i would just create a visachain without any need for distributed, public etc.

And cross chain transaaction is not a solved problem.

Also for financial transactions and things, i do not want them public. Now i need some magic zero knowledge system and a trust anker. Who verifies the trust anker? again a company.

Its not getting easier or frictionless at all just because blockchain and smart contracts.

I also don't see any advantage for a company to let random people run my transactions and paying others instead of just doing it myself.

Also user don't run blockchains. A normal company will just go to another company to do that the same thing as we do today. Do you think a company will just deploy a smart contract and then out of thin air someone else calls it? No another computer system would call it which also needs to run somewhere.

Re: Visa Introduces the Visa Tokenized Asset Platform

#30

Post by yieldcrv »

Bloedcoins wrote: post #29
yieldcrv wrote: post #17

Earlier quoted context omitted.

what you’re missing is that its not about an ethos of decentralization, its about the alternatives being inadequate in having a similar platform at all using standardized public smart contract platforms sufficiently abstracts the level of development needed to maintain these clients and accounts, since the platform and other nodes handle that. the alternative is some other cloud platform, where you have to write ever…

Just that you need to aling on one blockchain ( https://en.wikipedia.org/wiki/List_of_blockchains ). So if i would be VISA or anyone else, i would just create a visachain without any need for distributed, public etc. And cross chain transaaction is not a solved problem. Also for financial transactions and things, i do not want them public. Now i need some magic zero knowledge system and a trust anker. Who verifies th…

Visa chose public EVMs already supported by the industry and market

Take it up with them, “visachain” doesn’t inspire the same level of confidence for their stakeholders and shows competitors how to offer something without spinning up or maintaining their own blockchain, and wouldn’t have the rest of the DeFi infrastructure, namely liquidity pool from unrelated parties

Private transactions is its own niche that happens in parallel to this

The existence of either application doesnt preclude each other from occurring or gaining traction or changing the nature of the permissionless distributed system

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