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Offline betax

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Banks and exchanges turn to blockchain
« on: July 03, 2015, 11:23:02 AM »

@Financial Times:

http://www.ft.com/cms/s/0/764aed26-198a-11e5-8201-cbdb03d71480.html#ixzz3epIjOPA8

"The blockchain — the technology that underpins bitcoin — has been called “the future for financial services infrastructure”. Now banks, clearing houses and exchanges are becoming increasingly excited at the prospect of blockchain fundamentally transforming their business models.
Last week Nasdaq said it would use blockchain technology from US start-up Chain to underpin its new private share-trading market, in one of its most high profile applications to date. Former New York Stock Exchange chief Duncan Niederauer and JPMorgan banker Blythe Masters have also lent their support to start-ups exploring its use."


Use normal registration (not paying) to read and comment, to read the whole article:

Somebody should point them out to BitShares in the comments, mainly explaining about the decentralised exchange, UIA, speed of transactions, etc, etc.


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Offline bitsapphire

Re: Banks and exchanges turn to blockchain
« Reply #1 on: July 03, 2015, 11:51:43 AM »
They are all currently only experimenting with dedicated teams. Most of them have still no idea where they can use blockchains or if it even is something useful to them.

Once major issue for them is that they feel like there is no standard out there yet. Banks want the equivalent of Linux for their servers, or Oracle databases for their databases for their tech. Blockchain tech needs to be as standardized and commoditized as possible. Blockchain tech is going to be commoditized, and it's not necessarily going to be the best option, simply the one that fits the bill best.

It's going to take years until financial institutions start to use blockchain tech for industrial purposes for real.
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Offline Permie

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Re: Banks and exchanges turn to blockchain
« Reply #2 on: July 03, 2015, 12:23:47 PM »
BitShares - not all blockchains are immutable

BitShares - the worlds first and only independent third party auditing smartchain
+5% +5% +5%
BitShares - the worlds first and only independent third party auditing smartchain. Not ALL blockchains are immutable.

Those who control may record-shred, be careful where thou business tread.
BitShares for business, the free market solution - get away from corruption and pollution.
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Offline Ben Mason

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Re: Banks and exchanges turn to blockchain
« Reply #3 on: July 03, 2015, 03:09:11 PM »
BitShares - not all blockchains are immutable

BitShares - the worlds first and only independent third party auditing smartchain
+5% +5% +5%
BitShares - the worlds first and only independent third party auditing smartchain. Not ALL blockchains are immutable.

Those who control may record-shred, be careful where thou business tread.
BitShares for business, the free market solution - get away from corruption and pollution.

nice  +5%

Offline betax

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Re: Banks and exchanges turn to blockchain
« Reply #4 on: July 03, 2015, 04:35:31 PM »
I suggest to post a link on the FT article to the yahoo finance article comparing NASDAQ speed to Bitshares. Somebody was complaining about how slow is Bitcoin in comparison with other crypto currencies. Of course the other points here a great too!.
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