Big wow for blockchain collaboration amongst banks

I love it.  R3 brings eleven major global financial institutions together on a cloud based distributed ledger 

This is a win for collaboration, blockchains and the frequently-bashed banking industry.  It’s exciting enough to write about at 3am.  It’s exciting because it paves the way for collaborative innovation.  It’s not a major triumph for technology or blockchains, yet, but it’s by far the best that I’ve seen so far.

It is significant in itself that individuals in nine of the eleven banks have cleared blockchain-related comments with their respective communications departments.  That in itself is “positive for blockchains”.  Internal processes make it difficult for staff to make even hand-waving vague comments in the real press.  So that’s a win.

Continue reading “Big wow for blockchain collaboration amongst banks”