30 Oct '16, 2pm

Why Israel's Banks Will Unite Over Blockchain

Why Israel's Banks Will Unite Over Blockchain

This opinion piece was written by Roy Keidar and Yuval Shalheveth of Israeli law firm Yigal Arnon and Co with the assistance of Ahuva Goldstand. In the article, the authors argue that the Israeli financial industry could be poised to take a global lead on blockchain tech. The general consensus is that there is huge potential in blockchain technology. Some say it may be as big as the Internet itself, doing for transactions of value what the former has done for transfers of information. Blockchain could completely alter traditional industries, changing the face of financial transactions, legal contracts, verification mechanisms and even voting procedures. Where consensus is lacking, there possibly lie the future steps of blockchain. What can we expect to see next? Our hunch: we are entering the phase of the institutionalization of blockchain, and it will be led by the financ...

Full article: http://www.coindesk.com/israels-banks-will-unite-blockchain/

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