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18 Sep

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Blockchain technologies get a huge thumbs up

September 18, 2015 | By | One Comment

Just last month, in early August I blogged about the business potential for one instance of blockchain technology called Ethereum. On Sep 15, 2015, Business Insider UK reported that R3 CEV, an “Innovation Firm” lead by David Rutter announced that “Nine of the world’s biggest banks on Tuesday threw their weight behind blockchain, the technology that powers bitcoin.” Please see:

http://uk.businessinsider.com/jpmorgan-barclays-and-others-join-r3-on-blockchain-project-2015-9?r=US&IR=T

I had the pleasure of working closely with David Rutter in the late 1980’s developing a trade accounting system for derivates. David is a great guy, smart as can be, and forward looking. Clearly R3 and their partners see the potential of blockchain technologies. I reiterate my comments from August: I believe blockchain technology, properly designed and implemented, can fulfill the promise of a trusted cyber experience. Stay tuned, I’ll be tracking and sharing key progress. Bob.

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