Santander Bank: “Distributed Ledger Eliminates the Need for Central AuthoritiesSantander Innoventures, a US$100 million fund of the billion dollar financial institution Spanish Santander Group, has released a research paper titled “The Fintech 2.0 Paper: rebooting financial services,” to examine the advantages of distributed ledger as a transaction and asset settlement platform.
The decentralized and transparent nature of the distributed ledger technology of Bitcoin, also known as the blockchain technology, allows anyone on the network to record or certify irrefutable and unalterable document or asset autonomously.
Bitcoin is one of many unique applications built on the distributed ledger technology. As security expert and author Andreas Antonopoulos explains, “saying bitcoin is a currency is like saying the Internet is email. Currency is just the first application. Bitcoin as a currency is only the beginning.”
http://www.newsbtc.com/2015/11/26/santander-bank-distributed-ledger-eliminates-the-need-for-central-authorities/
