I’m very encouraged by this news, I hope many other companies do the same.
As a direct result of so many bank failures some 15 years ago and more in ~2008 there was mass consolidation of banks -- super banks. That hurt competition, and drove fees through the roof.
So as soon as IBM or any other fortune 200 firm does this, particularly for reasons indicated by IBM, the world will be a less expensive place to do banking.
What? You are happy that IBM is using blockchain and study it because they just want to create their own version of 'bitcoin'? Did you even read this article?
"The way IMB plans to use BlockChain to bring about its own currency is funny because they seem to be going about giving the central banks back the power they stand to lose if Bitcoin becomes more and more used as it has been in 2015." It is not good news at all.
Where did you get that part I highlighted in red from?
You complained about my copy and paste and you did the same thing with your copy and pasting of your complaint.
Read both articles, notice that this one is better than the other one. But both are missing lots of info.
Bitcoin is decentralized, IBM is centralized, what are you afraid of,
Bitcoin is a open network, IBM would have a close network, what are you afraid of,
Bitcoin has it's own community, IBM has it's own community, what are you afraid of,
Bitcoin uses bitcoin, IBM won't be using bitcoin, what are you afraid of,
The bitcoin blockchain is an ledger, a smartly made public ledger. Well now IBM wants one too, where's the problem.
