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The text discusses clearing and settlement systems, referencing Jeff Sprecher's perspective on blockchain technology for clearing and settling. Sprecher, who runs major clearing houses, expressed uncertainty about blockchain but is exploring its potential through the Bitcoin project. The discussion aims to further explore the potential of blockchain technology in improving clearing and settlement processes. Donations to MIT OpenCourseWare support the availability of educational resources. Visit ocw.mit.edu for more materials from MIT courses.
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