Post Profile

Banks like to talk about blockchain, but none wants to be the first to actually use it

There are more than 50 major banks clamoring to adopt the technology known as blockchain – the underpinnings of bitcoin – but none of them wants to be the first. Goldman Sachs, JPMorganChase, and Bank of America are among the big names that have signed onto R3, an industry-wide body trying to bring blockchain technology to the finance world. They all expect blockchain to simplify and streamline transactions in a way that reduces costs, increases security, and boost profits by making markets more efficient.
read more


Related Posts

40 of the world’s biggest banks are experimenting with blockchain

Technology : The Next Web Blog

CNBC reports that 40 of the world’s leading banks, including Goldman Sachs and Barclays, have been experimenting with blockchain technology – the decentralized database system that records bitcoin transactions – for trading fixed in...

Banks are going nuts for the tech behind bitcoin — but it will take 10 years to actually be adopted

Technology / Technology Industry News : Silicon Alley Insider

Blockchain database technology, which underpins digital cryptocurrencies such as Bitcoin, has got finance industry executives very excited. But they may have to cool their jets according to consultant Oliver Wyman and post-trade ser...

The technology behind bitcoin could solve a big problem banks had in the 2008 crisis

Technology / Technology Industry News : Silicon Alley Insider

Go anywhere near the upper echelons of a bank or finance firm right now and there's one buzzword you'll hear over and over again — blockchain. First invented to underpin bitcoin, blockchain technology uses decentralized record keepi...

GOLDMAN SACHS: 'The Blockchain can change... well everything'

Business & Finance : Business Insider: Money Game

Goldman Sachs is a big bull on blockchain, the distributed ledger software that underpins digital currency bitcoin. In an "Emerging Theme Radar" note sent to clients on Wednesday, the bank says: "While the Bitcoin hype cycle has gon...

Goldman Sachs nails why banks are so excited about the technology behind bitcoin

Technology / Technology Industry News : Silicon Alley Insider

Banks are going gaga for blockchain technology, the protocol developed to underpin bitcoin. It uses complex cryptography and a wide network of records — known as a "distributed ledger" — to eliminate the need for a central bank or m...


Copyright © 2016 Regator, LLC