Bitcoin Blockchain Technology In Financial Services: How The Disruption Will Play Out

bitcoin

With large financial institutions investing in Chain.com the future is looking bright for Bitcoin.

By Laura Shin.

Both the financial services and Bitcoin communities perked up last week when Citi, Nasdaq, Visa and other large financial institutions invested in Chain.com, a Bitcoin blockchain services provider.

In a year marked by announcements of financial incumbents’ interest in the technology underlying the digital currency — startup investments, lab experiments, board appointments and Nasdaq’s intention (partnered with Chain.com) to pilot using blockchain technology to manage shares in private companies — the funding underscored the fact that Wall Street is serious about using so-called distributed ledger technology in its offerings.

Read more at Forbes.

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