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Could Blockchain Have Prevented These Scandals?

FinTech Network have partnered with Melonport to demonstrate how smart contracts could have prevented two high profile finance scandals.

With many organisations still working on POC’s for blockchain technology, FinTech Network have partnered with Melonport to demonstrate how smart contracts could have made a fundamental difference in two of the highest profile finance scandals and mitigated the loss of millions of dollars: http://bit.ly/2qTGlrT

This opinion piece, authored by Melonport, focuses on:

• Bernie Madoff’s Ponzi scheme and how smart contracts could have helped improve auditability, transparency and conflict of interest ultimately preventing the disappearance of funds

• The Fall of Bear Stearns and Lehman Brothers and how smart contracts could have been used to prevent excessive leverage and prevent a similar scenario from unfolding again.

The whitepaper is available for review at http://bit.ly/2qTGlrT


Dean Murphy, FinTech Network

Author

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