[2016-10-03]UBS COO: Blockchain to Gain Mainstream Adoption in 2 or 3 Years

[BTCBinary]

UBS COO: Blockchain to Gain Mainstream Adoption in Two or Three Years

As the banks and financial institutions from across the world shows interest in Bitcoin’s underlying blockchain technology, one particular bank, UBS has gone extra lengths to make the distributed ledger technology work for banking operations. The global investment bank based out of Zurich, Switzerland is exploring the use of blockchain technology to create smart bonds, cross-border payments solution, and even fiat linked digital currencies...

http://www.newsbtc.com/2016/10/03/ubs-coo-blockchain-to-gain-mainstream-adoption-in-two-or-three-years/

[Dinki]

Okay, so the blockchain has gained acceptance among top Swiss banks... well that's good to know.

[richardsNY]

It's ok. They will obviously not make use of Bitcoin's blockchain since it doesn't offer them any control over every aspect of their business. I am quite sure that we'll see more large institutes somehow incorporating a private version of the blockchain.