42 major banks have now tested five blockchain technologies
If 2015 was the year everyone was talking about blockchain, this will be the year that everyone builds on it. In the last few months since blockchain hit the cover of the Economist, there have been dozens of announcements trumpeting the benefits of blockchain systems, ranging from proprietary technology developed by Overstock.com and which it plans to use to issue public shares, to open-source technology developed by IBM on the Linux kernel to be freely shared between developers.
To say that the financial services industry is nervous as a result would be an understatement. For decades, banking transactions have been kept on private ledgers that only the institutions could control. Blockchain is changing that system and shaking up the status quo. . . To read the rest of this story, please click here: The blockchain train has left the station — Medium