Custom Post 1September 8, 2017 1:08 pm
Financial institutions have financed the disruption of countless industries over the last 30 years; they have an idea of what a revolutionary technology can do to static incumbents.
So, to stay ahead of change, banks have been proactive in setting up R&D labs, building test centers and establishing partnerships with blockchain developers to fully understand the revolutionary potential of the technology.
Financial institutions were the first to dip their feet in, but academia, governments and consulting firms have also studied the technology.
All of this work is, of course, in addition to what the entrepreneurs and developers are doing, either by finding new ways to use the bitcoin or ethereum blockchains, or else creating entirely new blockchains.
This has been going on for over three years now, and the results are starting to come in.