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Author Topic: Bank of America to store data on the blockchain  (Read 160 times)
wandino
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May 07, 2018, 12:40:56 PM
 #41

 This news is a plus sign.
Now the banks have started using the blockchain tech, is a great data security and archiving technology,
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May 07, 2018, 12:46:59 PM
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According to this article, Bank of America is planning to use the blockchain for data storage. With the patent originally filed back in 2016, it has been on the table for a while; makes sense and shows just one of the advantages in using blockchain technology within financial institutions.

https://www.coindesk.com/bank-of-america-sees-blockchain-as-way-to-replace-internal-ledgers/
This is a good sign of big trust of the bank of America om the blackchain. It will be the start of making black chain more known, secured and reliable to all. We will be seeing blackchain and decentralization used by the banks all over the world in the future.

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