[2015-08-31] ET: After Barclays and BofA, Citigroup has blockchain in sight

After Barclays and Bank of America, Citigroup has blockchain in sight

http://economictimes.indiatimes.com/industry/banking/finance/banking/after-barclays-and-bank-of-america-citigroup-has-blockchain-in-sight/articleshow/48753482.cms

Citigroup is looking to tap into the potential of blockchain, the underlying technology that powers virtual currencies such as bitcoin, and is also experimenting with the idea of its own fiat-backed digital currency, a top executive of the United States headquartered banking and financial services company said.

The company has joined other global banks such as Barclays and Bank of America that are also betting big on blockchain technology, which is widely being seen as the biggest technology disruption in the world of traditional financial services.