They are trying so hard to find a "blockchain" solution that would fit their needs. How long before they will eventual stop and give up?
They could really make a better use of those money.
PeerNova and State Street have been trialing a blockchain-enabled platform for the tracking and monitoring the flow of funds. The two partners anticipate completing all the relevant milestones by October 2016 and will eventually move forward to a pilot phase right after the trial, Gangesh Ganesan, CTO and co-founder of PeerNova told Bitcoin Magazine.
https://bitcoinmagazine.com/articles/state-street-and-peernova-trial-new-blockchain-prototype-for-capital-tracking-1474469105
