[2015-06-16] Blockchain Tech could Save Banks $20B, says new Santander Report

[LiteCoinGuy]

Blockchain Tech could Save Banks $20B, says new Santander Report

“It is only a matter of time before distributed ledgers become a trusted alternative for managing large volumes of data,” argues Santander Innoventures, the venture arm of the Spanish bank Santander, in a new paper.

In collaboration with fintech venture fund Anthemis and research firm Oliver Wyman, the report, titled The Fintech Paper 2.0, dived into how emerging fintech technologies, including the decentralized ledger behind digital currencies, could affect banks.

http://bravenewcoin.com/news/blockchain-tech-could-save-banks-20b-says-new-santander-report/


the new Blockchain Tokens are cool  

[DooMAD]

And yet I still bet they won't let you actively trade BTC with one of their accounts, heh.  "Oh sorry, we've had to close your account, but can't tell you why".

Plus there still seems to be that crazy logical disconnect between "blockchain tech" and the currency itself, but they haven't realised how problematic it would be to have one without the other.  I suppose they think someone is going to validate their own decentralised ledger for them?  They want to have their cake and eat it, but will learn the hard way it doesn't work like that.

[bitbouillion]

Blockchain Tech could Save Banks $20B, says new Santander Report

Per year?