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Title: [2015-09-15] ET: 9 of world's biggest banks join to form blockchain partnership Post by: polynesia on September 19, 2015, 03:58:47 AM Nine of world's biggest banks join to form blockchain partnership
http://economictimes.indiatimes.com/news/international/business/nine-of-worlds-biggest-banks-join-to-form-blockchain-partnership/articleshow/48976835.cms Nine of the world's biggest banks including Goldman Sachs and Barclays have joined forces with New York-based financial tech firm R3 to create a framework for using blockchain technology in the markets, the firm said on Tuesday. It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin - a controversial, web-based "crytocurrency" - can be used in finance. Title: Re: [2015-09-15] ET: 9 of world's biggest banks join to form blockchain partnership Post by: aakashsangwan on September 19, 2015, 03:58:39 PM Nine of world's biggest banks join to form blockchain partnership http://economictimes.indiatimes.com/news/international/business/nine-of-worlds-biggest-banks-join-to-form-blockchain-partnership/articleshow/48976835.cms Nine of the world's biggest banks including Goldman Sachs and Barclays have joined forces with New York-based financial tech firm R3 to create a framework for using blockchain technology in the markets, the firm said on Tuesday. It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin - a controversial, web-based "crytocurrency" - can be used in finance. This will really boost the Bitcoin technology in the market, now the big enterprises can also join and accept payment as bitcoins, because now they can also hold bitcoins as currency in the same bank. If i am right Title: Re: [2015-09-15] ET: 9 of world's biggest banks join to form blockchain partnership Post by: newIndia on September 19, 2015, 04:32:31 PM Nine of world's biggest banks join to form blockchain partnership http://economictimes.indiatimes.com/news/international/business/nine-of-worlds-biggest-banks-join-to-form-blockchain-partnership/articleshow/48976835.cms Nine of the world's biggest banks including Goldman Sachs and Barclays have joined forces with New York-based financial tech firm R3 to create a framework for using blockchain technology in the markets, the firm said on Tuesday. It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin - a controversial, web-based "crytocurrency" - can be used in finance. This will really boost the Bitcoin technology in the market, now the big enterprises can also join and accept payment as bitcoins, because now they can also hold bitcoins as currency in the same bank. If i am right Unfortunately, you are not right. So far, they are only indicating to adopt the blockchain technology, i.e. private blockchain, which Princeton professor Arvind Narayan term as shared database (https://twitter.com/random_walker/status/644615835089178624). It'll probably be some kinda PoS coin where nodes will be run only by banks. Unless they peg their chain to bitcoin blockchain, bitcoin has nothing to gain from it. |