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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.
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