Bitcoin Forum

Bitcoin Blockchain Technology In Financial Services: How The Disruption Will Play Out

http://www.forbes.com/sites/laurashin/2015/09/14/bitcoin-blockchain-technology-in-financial-services-how-the-disruption-will-play-out/

Both the financial services and Bitcoin communities perked up last week when Citi, Nasdaq, Visa and other large financial institutions invested in Chain.com, a Bitcoin blockchain services provider.

In a year marked by announcements of financial incumbents’ interest in the technology underlying the digital currency — startup investments, lab experiments, board appointments and Nasdaq’s intention (partnered with Chain.com) to pilot using blockchain technology to manage shares in private companies — the funding underscored the fact that Wall Street is serious about using so-called distributed ledger technology in its offerings.

One player in this space, who did not want financial institutions to know that this was his personal view, said that though a number of banks have expressed interest in creating a network themselves, separate from the open Bitcoin blockchain, he doubted it would happen: “I just don’t see a bunch of banks coming together to do anything. In the history of our financial markets, there’s been no examples of a consortium of banks saying let’s go build this together and it getting off the ground in five years and being the best solution.”



a must read, thanks!