The adoption of block chain technology will revolutionize capital markets as early as next year, according to a report by TABB research carried by CNBC TV. The report noted that the adoption is not a matter of if, but when. The TABB Group is a New York City-based company that provides insight on securities and investment management.
The block chain, the report noted, serves as a big, decentralized ledger that records transaction information and stores it on a global network that can’t be tampered with.
It noted that R3, a fintech company, leads a 20-bank consortium that is developing a framework to apply the block chain to capital markets.
https://www.cryptocoinsnews.com/block-chain-will-revolutionize-capital-markets-beginning-2016/
