Wall Street firms to move trillions to blockchains in 2018
When blockchains first appeared nearly a decade ago as the technical backbone of Bitcoin, the world’s leading cryptocurrency, they seemed to offer the masses a way to cut out the financial middleman. But now the big banks and other industry players are finding ways to spin the new tool to their advantage.
In the past two years, giants such as BNY Mellon, Goldman Sachs, ING, Santander, and UBS have explored dozens of blockchain projects, and some of those are now moving beyond the proof-of-concept phase. One of the first to be released into the real world will come from a little-known financial corporation that mediates a US $11 trillion-a-year market for an arcane class of securities, the trading of which allows people to pay money to shed risk or make money by accepting it…”
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http://www.impactlab.net/2017/09/30/wall-street-firms-to-move-trillions-to-blockchains-in-2018/
