Quote from: bitjedi on April 07, 2016, 05:17:02 AM

Quote from: persiancat on April 07, 2016, 05:04:01 AM

Report on blockchain usage by banks.
Blythe Masters is formerly CIO of JPM and creator of CDS.
One of the more notable female figures in finance.

http://www.c[Suspicious link removed]m/2016/04/06/blockchain-in-banks-a-reality-in-less-than-2-years-blythe-masters.html

EDIT : hey what happened. why does it say "suspicious link removed"? It's a report from CNBC.

I didn't read the article but she's not talking about bitcoin or similar. She's talking about bank chain. Last time I was in her office we were discussing the repo market and the novation of those repos via a centralized clearing hub to prevent another lehman like catastrophic failure in the system, except this time with central banks involved. She only wants to securitize and clear transactions of $100MM USD notional or above in her system and it will have lots of "private ledger" and centralized control features in it. Still, I guess it could be considered "blockchain" so that's good.

Edit: I'm pretty sure they announced that news a month or two ago, so that info on the repo stuff is no longer confidential.

It's pretty clear the big banks just want to use underlying blockchain technology to reduce operating costs and increase efficiency.
They definitely don't intend to use BTC or any altcoins as its not in their best interests to do so.
All the *coins have been stripped out of the equation.