The first annual "Miss Big Blockchain" contest has begun. The first contestant, "utility settlement coin," advanced by UBS (NYSE:UBS), a coin with a well-chosen name that deemphasizes its use as a store of value and emphasizes its function in transactions, has been placed in contention by a consortium of four banks and a single broker. There is a good summary of the announcement of a joint venture by this improbable consortium; UBS, Deutsche Bank (NYSE:DB), Santander Bank (NYSE:SAN), Bank of New York Mellon (NYSE:BK), and the broker ICAP (LSE:IAP); in the Financial Times.
http://seekingalpha.com/article/4001985-will-first-miss-big-blockchain
