Eric Wragge from Algorand Foundation explains why blockchain could have prevented the Lehman Brothers collapse chaos
“When Lehman went bankrupt, there were massive disputes after the fact that went on for years and years about the posting of collateral between New York entities and London.”
The core issue: Different ledgers operating across time zones created years of legal disputes about collateral ownership.
The blockchain advantage: Shared ledgers confirming and recording transactions simultaneously would eliminate such disputes entirely, demonstrating the technology’s practical benefits beyond speculation.
Watch the complete interview on our YouTube channel for more insights.
#blockchain #finance #algorand #cfcstmoritz