[2016-01-23] Big banks test new trading system

[shane]

In a report entitled Distributed ledger technology: Beyond block chain, he said that distributed ledgers "could be at the heart" of the Government Digital Service's (GDS) development of government as a platform (GaaP). Wall Street bankers have become interested in understanding blockchain technology, and technologists, the ones building the software, need to familiarize themselves with the financial services market anti-money laundering laws and know-your-customer regulations.

Government wants to make sure the United Kingdom is at the forefront of using emerging technology to improve public services.

http://leadercall.com/2016/01/big-banks-test-new-trading-system/

[aso118]

In a report entitled Distributed ledger technology: Beyond block chain, he said that distributed ledgers "could be at the heart" of the Government Digital Service's (GDS) development of government as a platform (GaaP). Wall Street bankers have become interested in understanding blockchain technology, and technologists, the ones building the software, need to familiarize themselves with the financial services market anti-money laundering laws and know-your-customer regulations.

Government wants to make sure the United Kingdom is at the forefront of using emerging technology to improve public services.

http://leadercall.com/2016/01/big-banks-test-new-trading-system/

It had to be expected. Even if blockchain technology is implemented, you cannot expect the government to let go off tools that are available to it for financial monitoring. Know your customer, anti-money laundering laws and any future regulations will have to be adhered to.

[Dinki]

I knew the government will sooner or later take interest in this thing. It might one day replace the dollar in the international market, you never know.