Tuesday, November 10, 2015

Algomi has a Banker Bot network up and running

Algomi runs what it calls a Honeycomb Network, which allows investors to see which dealer is best placed to make corporate-bond trades happen. Bank dealers enter potential bond transactions into a secure network, which then matches those trades and suggests similar bond trades.

A secure network means no human tampering, hence it guarantees honest accounting in trades. Put this software in the smart card and you have pure cash, no clearing house needed.  This is where the Tin Foilers have it wrong.  We are not  moving to a cashless system, we are moving to pure cash and the central banker is going away.

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