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Yep. Here's an example of creating a private blockchain, issuing and sending assets (all in 90 seconds).

https://makebitcoingreatagain.wordpress.com/2015/11/26/creat...

And why is this better than MySQL?

With a central database you're trusting a single entity. Banks aren't willing to do that so interbank settlement takes a couple days to satisfy auditing. They'd like to speed that up, and it looks like some kind of blockchain might accomplish that.

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