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   Fish of Rage (sun@shitposter.world)'s status on Thursday, 19-Dec-2024 07:41:43 JST Fish of Rage
   https://archive.is/dY9Ym
   
   Deutsche Bank is addressing regulatory challenges associated with the use of public blockchains, particularly the risks of inadvertently interacting with criminals or sanctioned entities. The bank recently introduced a test version of Project Dama 2, which features a Layer 2 solution designed to facilitate cheaper and more efficient transactions by leveraging public blockchain technology, specifically Ethereum. This initiative is part of the Monetary Authority of Singapore's Project Guardian, where 24 financial institutions are exploring blockchain applications for asset tokenization.
   
   Deutsche Bank aims to mitigate risks related to transaction validation and the potential for fees to be paid to sanctioned entities. The Layer 2 component allows for a curated list of validators, enhancing control over digital asset transactions. Additionally, it offers regulators super admin rights to monitor fund movements when necessary. The Dama 2 platform is developed in collaboration with crypto firms Memento Blockchain Pte. and Interop Labs, utilizing ZKsync technology.
   
   The bank plans to launch a minimum viable product next year, pending regulatory approval. This move indicates Deutsche Bank's belief in the potential of blockchain technology to address margin pressures in financial services while navigating the complexities of the crypto ecosystem.
   • kaia, Linux Walt (@lnxw37j1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} and Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 like this.
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     kaia (kaia@brotka.st)'s status on Thursday, 19-Dec-2024 07:43:50 JST kaia

     in reply to
     @sun dunno if it matters for you, but they are incredibly morally bankrupt, a lead cause for the 2008 lending crisis.
     Linux Walt (@lnxw37j1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} and Fish of Rage like this.
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     Fish of Rage (sun@shitposter.world)'s status on Thursday, 19-Dec-2024 07:44:33 JST Fish of Rage

     in reply to

     • FunHouse Radio
     @funhouseradio I don't quite get it either.
     Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 likes this.
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     FunHouse Radio (funhouseradio@mastodon.world)'s status on Thursday, 19-Dec-2024 07:44:34 JST FunHouse Radio

     in reply to

     @sun what a colossal waste of time and resources.

   • Embed this notice
     Fish of Rage (sun@shitposter.world)'s status on Thursday, 19-Dec-2024 07:45:29 JST Fish of Rage

     in reply to

     • kaia
     @kaia good to know actually
     kaia likes this.
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     mangeurdenuage :gnu: :trisquel: :gondola_head: 🌿 :abeshinzo: :ignucius: (mangeurdenuage@shitposter.world)'s status on Thursday, 19-Dec-2024 07:54:06 JST mangeurdenuage :gnu: :trisquel: :gondola_head: 🌿 :abeshinzo: :ignucius:

     in reply to
     @sun I'm too brain tired to argue so I'll just say that as always banks ruin everything.
     Fish of Rage likes this.
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     Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Thursday, 19-Dec-2024 07:54:41 JST Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧

     in reply to
     @sun this is good for jeff cliff
   • Embed this notice
     Taylan (Now 18% More Deranged) (taylan@fedi.feministwiki.org)'s status on Thursday, 19-Dec-2024 08:12:27 JST Taylan (Now 18% More Deranged)

     in reply to

     • Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧
     @jeffcliff @sun
     
     I kept misreading Deutsche Bank as Deutsche Bahn and was very confused.
   • Embed this notice
     Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Thursday, 19-Dec-2024 08:13:06 JST Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧

     in reply to

     • Taylan (Now 18% More Deranged)
     @taylan @sun > the autobahn of money
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     Taylan (Now 18% More Deranged) (taylan@fedi.feministwiki.org)'s status on Thursday, 19-Dec-2024 08:15:08 JST Taylan (Now 18% More Deranged)

     in reply to

     • Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧
     @jeffcliff @sun
     
     Bahn means railroad...
     
     Now that I think about it, this would have actually made perfect sense: Deutsche Bahn fucking around with crypto would explain why our railroad infrastructure is so abysmal. :blobcat-joy:
     Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 likes this.
   • Embed this notice
     Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧 (jeffcliff@shitposter.world)'s status on Thursday, 19-Dec-2024 08:17:20 JST Jeff "never puts away anything, especially oven mitts" Cliff, Bringer of Nightmares 🏴‍☠️🦝🐙 🇱🇧🧯 🇨🇦🐧

     in reply to

     • Taylan (Now 18% More Deranged)
     @taylan @sun meanwhile canada's rail infrastructure makes deutschebahn look like some kind of utopian science fiction by comparison
     Taylan (Now 18% More Deranged) likes this.