CNBC News reported that Bank of America is loading up on blockchain-related products.
According to the news:
Bank of America is trying to steal a march on the latest developments in the technology behind digital currency bitcoin by loading up on blockchain-related patents.
Blockchain works like a huge, decentralized ledger for the digital currency bitcoin which records every transaction and stores this information on a global network so it cannot be tampered with.
Major financial institutions — including the Bank of England — have released a number of notes over the last year on the potential of the technology and have created teams within their organizations to look into how to develop the cryptocurrency.
Read more:
https://investingnews.com/daily/tech-investing/bitcoin-investing/bank-of-america-loads-up-on-bitcoin/