Post
Topic
Board Press
Re: [2017-10-21] Five ways banks are using blockchain
by
LoyceV
on 23/10/2017, 05:54:57 UTC
You forgot to mention what those 5 ways are:
Quote
1. Clearing and Settlement
2. Payments
3. Trade finance
4. Identity
5. Syndicated loans

Most ways are obvious, but I wouldn't want to use any bank that uses #4:
Quote
Dozens of start-ups are working on building blockchain systems for customer identification, including Cambridge Blockchain, Tradle, Credits and Blockstack.
This would mean my personal information is stored forever, which isn't allowed by privacy regulations anyway.