Fred Wilson: Why are Banks Backing Blockchain Tech Over Bitcoin?Fred Wilson: Why are Banks Backing Blockchain Tech Over Bitcoin?
Bitcoin’s blockchain technology has taken the investment and financial world by storm over the past eighteen months or so. It seemed that the year 2015 was the “Year of the Blockchain,” with Fortune 100 companies like Visa, UBS and Wells Fargo building tech labs starting investment initiatives and collaborating with anyone and everyone so as not to let this new technology pass them by. Noted venture capitalist Fred Wilson is now asking — are the world’s banks and largest corporations putting the cart before the horse?
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