DAO Attack Fallout Sees Pubic Blockchains Questioned by Australian Bank
The ANZ Banking Group, a major banking corporation in Australia and New Zealand is exploring and investing in blockchain technology. Like most other banks, it is focusing on private ledgers, unlike a public ledger like the bitcoin blockchain. The recent hack-attack of the DAO is more proof that public blockchains are far too risky to be embraced by private banks, according to Nicholas Groves, ANZ group strategy executive manager. Groves pointed to the DAO attack, highlighting the incident while speaking at the in Melbourne, Australia, last week. “The point about who controls a public....
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