Australian banks are ready to replace both the R3 Blockchain Consortium and the Linux Hyperledger projects in the position of leaders who drive the development of Blockchain technology. This future is predicted by Thomas McAlister, an Australian expert at Bankcoin Reserve Pty Ltd, who works with governments and their central banks.
The Commonwealth Bank Of Australia embraces blockchain technology in a move that will see the bank develop its own blockchain hub later in 2020. The bank is implementing an ambitious goal of the Sydney government set up earlier in 2014.
“Banks are in a strong position, regardless of how much noise the fintech world is making about banks being left behind. Commonwealth Bank Australia is leading by example for the world to see. Precisely, Commonwealth Bank Australia have partnered with Barclay's AU and UK, they are making some huge moves in the blockchain space,” said Thomas McAlister to CoinIdol.com World Blockchain News Outlet. Mr. McAlister is working as a principal consultant at Bankcoin Reserve Pty Ltd, an organisation that works with central banks to offer new liquidity options through a series of Blockchain derivative options under licence agreements.
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https://coinidol.com/aussie-bank-to-unseat-r3-hyperledger-in-blockchain-race/
