"...could be implemented and managed..."
That they could. Anything could. The question I don't have a convincing answer to is why would they use the Blockchain?
That they could. Anything could. The question I don't have a convincing answer to is why would they use the Blockchain?
Although bitcoin makes the blockchain look capitalist, its underlying tendencies are like that of the internet at large - self organizing infrastructure for information.
A cheaper version of western Union is great and so is reduced fees for merchants. There is so much more that can be done with blockchain technology but I don't think it well happen as soon as 2015 because of the chasm between the people who understand the technology and the people who understand the business and law.