James;
That would be ...interesting...
When the Medici et al invented banking and started keeping private ledgers
so that they could be intermediaries of trust, their inheritors (banks)
gained enormous power. Depending on the specifics of how/what you require
the banks to write to the public ledgers for the banking authorities, it
has the potential to:
1. Limit capital flight/tax avoidance by requiring large transactions to
the blockchain so that the regulator can see source/destination amount;
and/or
2. Curtail the singular financial power of the banks as intermediaries by
allowing anyone with a modest amount of capital to write to the blockchain
(micro capital and microloans) outside of current banks; and/or
3. Reconsolidate the power from the banks back to the state by requiring
state approval on all large transactions.
The White Paper was focussed on Information Sharing Agreements, not
fintech, but the logic seems extensible. This set of tools can be
democratizing but is not necessarily so.
Sincerely,
John Wunderlich
@PrivacyCDN https://twitter.com/PrivacyCDN
Call: +1 (647) 669-4749
eMail: john@wunderlich.ca
On 29 November 2016 at 13:49, James Hazard
It would be interesting to see what the diagram on page 2 that you did with Mary would look like if we assume a bank as host of PII and a bank regulator as "blockchain" to which the bank writes hashes of its collection of accounts. With perhaps bank regulators hashing to two places: i) a national registry and ii) an international banking authority.
On Tue, Nov 29, 2016 at 9:30 AM, John Wunderlich
wrote: Very similar, in some respects, to the diagram Mary Hodder and I worked on a couple of IIW's ago, and which I used in a more tailored fashion for my white paper on GDPR and Privacy by Design for JLINC Labs: http://www.jlinclabs.com/wp-content/uploads/2016/10/ JLINC_WP_GDPRandPB_20161022.pdf
Sincerely, John Wunderlich @PrivacyCDN https://twitter.com/PrivacyCDN
Call: +1 (647) 669-4749 <(647)%20669-4749> eMail: john@wunderlich.ca
On 29 November 2016 at 12:07, James Hazard
wrote: This image is great! I'll find a place for it along with this one by Thomas - http://www.commonaccord.org/index.php?action=doc&file=S/Ab out/Conference/Flyer/0.md#Diagram
(Separately, I'm asked Norton Rose for a copy of their report on enforceability of smart contracts, and permission to circulate on the mailing list.)
On Tue, Nov 29, 2016 at 8:12 AM, John Wunderlich
wrote: [image: Inline images 1]
Sincerely, John Wunderlich @PrivacyCDN https://twitter.com/PrivacyCDN
Call: +1 (647) 669-4749 eMail: john@wunderlich.ca
This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.
_______________________________________________ DG-BSC mailing list DG-BSC@kantarainitiative.org http://kantarainitiative.org/mailman/listinfo/dg-bsc
-- @commonaccord
This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.
-- @commonaccord
-- This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.