[2015-09-03] Barclays has two blockchain 'labs' in London

[LiteCoinGuy]

Barclays has two blockchain 'labs' in London and is planning 45 experiments with the technology

Like pretty much every other major bank at the moment, Barclays is very interested in the potential of the blockchain, the technology that underpins bitcoin.

The Sunday Times reported this week that Barclays is planning to let charities accept bitcoin later this year, leveraging its partnership with bitcoin exchange Safello that was announced earlier this year.

I sat down with Barclays Chief Design and Digital Officer Derek White, who oversees bitcoin and blockchain at Barclays, to discuss what else the bank is planning to do with this technology.

http://www.businessinsider.com.au/barclays-derek-white-on-bitcoin-and-blockchain-2015-9

[Kprawn]

Why re-invent the wheel? They already have a huge decentralized Bitcoin network. This network has stood the test of time, by not getting hacked for many years.

A market leader would grab the chance to be the first business to use Bitcoin and they will get the head start by incorporating Bitcoin directly into their system... not by going

through the untested process of creating a whole new "Private" Blockchain from the start. Bitcoin can say... Been there.. Done that.. follow us.