[2016-05-07]Blockchain, the Ideal Tech to Ensure Legal & Regulatory Compliance

[Blawpaw]

Blockchain, the Ideal Tech to Ensure Legal & Regulatory Compliance among Companies

The implementation of digital currency technology across the banking and financial sector is in full swing. Blockchain, the underlying technology of Bitcoin and other cryptocurrency protocol act as a distributed ledger recording all the transactions happening across the network. The same technology is now being implemented in other sectors to facilitate movement of financial assets and maintenance of records...

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[aso118]

I would disagree that it is being implemented in full swing.

Banks are just dipping their toes in it.
Even if they adopt it, I doubt if they will just retire their legacy systems. Both will run in parallel for some time.