[2015-11-19] UBS Blockchain Partner Clearmatics Raises Funds for Digital Coin

UBS Blockchain Partner Clearmatics Raises Funds for Digital Coin

UBS engaged Clearmatics in September to demonstrate the feasibility of developing a digital coin based on blockchain to settle trades and make cross-border payments.

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Early Stages

While next year may bring breakthroughs in applications of blockchain, the financial industry will probably have to wait two or three years before the technology is introduced more widely, Bussmann said. The first order of business is to develop a standardized architecture for private ledgers, as opposed to the public one used for the bitcoin.

“We are in the very, very early phase stage,’’ Bussmann said. “The race from my perspective is still open. We are putting our eggs in different baskets.’’

http://www.swissinfo.ch/eng/ubs-blockchain-partner-clearmatics-raises-funds-for-digital-coin/41785762

No, the race is not open, but try and learn.