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Title: [2015-12-10] Beyond Bitcoin: Unique Application of the Blockchain Technology Post by: Sturgeon on December 10, 2015, 12:10:23 PM From multi-billion dollar financial institutions – including Goldman Sachs, JPMorgan and Citibank – to retail giants such as Overstock, global industry leaders have examined the unique applications of the blockchain technology, also known as a distributed ledger technology.
A few months ago, Overstock CEO Patrick Bryne, for example, launched a blockchain-based asset and securities settlement system called Medici, as an alternative to traditional stock markets and exchanges. Today, Commonwealth Bank of Australia launched a blockchain network of their own to support their customers, institutional clients, and other banks in the country. http://www.newsbtc.com/2015/12/10/beyond-bitcoin-unique-application-of-the-blockchain-technology/ |