“How seriously should you take this? I would take it about as seriously as you should have taken the concept of the Internet in the early 1990s. It’s a big deal. And it is going to change the way our financial world operates.”
Impressively putting her money where her mouth is, on 25th June 2015, Digital Assets Holdings, lead by Blythe Masters, promptly purchased Hyperledger a finalist in the SWIFT Innotribe startup challenge and one of the companies included in this CBoxx research white paper, before we’d had time to finish proof reading it!
The paper published here aims to take a measured view of whether Blockchain technology, or more specifically, the Permissioned Distributed Ledgers variant, has a place in UK Financial Services technology yet. We anticipate that it will soon become a serious new consideration for any business case that is built around the economies and benefits of introducing a centralised hub.
The big banks are already testing the technology, so should major UK product providers, platforms and members of their technology ecosystem being doing likewise?