In cloud environments, there is time synchronization, and then there is time synchronization for financial services. For a website-related demand, like a metrics collection engine, a clock can be half a second off and it's no big deal. That's 500,000 microseconds. On the other hand, a banking application that is an order of magnitude more accurate than that—50,000 microseconds, or 50 milliseconds—would still be considered grossly inaccurate and unacceptable.
At the same time, synchronizing time
BlockRe’s Raymond Zenkich joins to talk about the challenges of offering insurance products for bitcoin and other cryptocurrencies.Subscribe to Weekly Wrap emails