Nine Major Banks Partner on Block Chain Initiative

Nine Major Banks Partner on Block Chain Initiative

Nine of the largest investment banks have partnered with a block chain startup to integrate the block chain into financial services. Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS all formed a partnership with a block chain oriented firm to create industry standards for using block chain technology in banking. The initiative is led by New York and London startup R3, whose CEO David Rutter spent 32-years on Wall Street. Financial Times has reported Goldman Sachs have also partnered with R3. The block chain is a major....


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