Thursday, December 8, 2016

What Happened to the Financial Blockchain Revolution - Bloomberg View

What Happened to the Financial Blockchain Revolution - Bloomberg View



...In a blog post, R3 architecture consultant Ian Grigg argues that Corda will become a formidable opponent to the two most popular blockchain technologies, Bitcoin and Ethereum, because it is the only solution that "asked the users what they want."...



...In theory, distributed ledger technology could streamline the entire transaction process, from pre-trade to execution to regulatory reporting. But how do you accomplish such a rollout without bulldozing everything to the ground? It’s really hard to retire legacy infrastructure without disrupting the delicately balanced systems that have been evolving for decades....

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