[2014-10-27] Wsj: UBS CIO: Blockchain Technology Can Massively Simplify Banking

[LiteCoinGuy]

UBS CIO: Blockchain Technology Can Massively Simplify Banking

According to Oliver Bussmann, CIO of Swiss bank UBS , the biggest disrupting force is the blockchain – the underlying technology behind Bitcoin, the electronic-only currency which is created on computers and isn’t controlled by any government or centralized authority.

http://blogs.wsj.com/digits/2014/10/27/ubs-cio-blockchain-technology-can-massively-simplify-banking/

[indiemax]

Sounds like the bankers  are starting to accept the superiority of the Blockchain rather than fight it,interesting to see who the first mover will be,then the mad rush

[2dogs]

Too bad he doesn't understand that bankers aren't needed in the equation.

[H.W.Z]

When somebody with a strong brand and security level establishes it as a reliable service, then the whole industry will follow. That is my personal prediction

great! More and more financial elites realize the tremendous benefit the blockchain technology will bring to us.