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/
