31 Dec '15, 1pm

What #banks should be doing with #blockchain in 2016 #bitcoin #crypto #cryptocurrency

What #banks should be doing with #blockchain in 2016 #bitcoin #crypto #cryptocurrency

Compliance will move to intelligence. Regulation will show signs of reinvention. That's because you can monitor better with blockchain analysis software, and across institutions; something you can't do well with AML monitoring. (see slide #61) Companies will use the blockchain like having a website . That's an analogy I made in a long essay here – Why Blockchain is the New Website . $1.5bn in non-currency assets will be transacted on blockchains . Already Overstock announced that $500m will be pegged to the blockchain. That number will get big quick. VC investments in blockchain related startups will exceed $2.5bn. This doesn't include what the banks will spend from their operating budgets, but it's not the same metric. Banks fund implementations, with large overhead costs. Some FinTech companies will be challenged by blockchain contenders. Surprise! The blockchain also co...

Full article: http://www.coindesk.com/banks-should-be-doing-with-blockc...

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telegraph.co.uk 31 Dec '15, 11am

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