Many if you are not aware but an ongoing problem in all nations is theft of entire accounts. If a private investor makes a large deposit employees at the depository check to see how competitive the person is and will try murdering or hypnotizing them so they can run off with the whole account.
An interesting way to combat this and other fraud would be to allow account holders to register account data as public. Options would include account holder contact information, balance, transactions. The depository would be required to make the information available to the public without registration or identification. This would add an element if uncertainty to reduce theft.
An interesting way to combat this and other fraud would be to allow account holders to register account data as public. Options would include account holder contact information, balance, transactions. The depository would be required to make the information available to the public without registration or identification. This would add an element if uncertainty to reduce theft.