Again so soon on the subject of blockchain technologies – on October 13, 2015, Fast Company, in a great article by Steven Melendez, headlined the following:
“THE FUTURE OF BITCOIN ISN’T BITCOIN—IT’S BIGGER THAN THAT …
THE SHARED LEDGER TECHNOLOGY, OR BLOCKCHAIN, INTRODUCED IN BITCOIN COULD UPEND THE FINANCIAL INDUSTRY. AND STARTUPS ARE GETTING IN LINE.”
This article features several proof-of-concept cases of blockchain technology being implemented by early adopters. Wall Street itself, at least the one currently familiar to us, is likely to experience being disrupted, although the forward looking players, such as R3 CEV mentioned in my recent Sep 18 blog posts, seem to recognize this and are re-inventing their own position and may just thrive on this disruption. Stay tuned, Bob.