Goldman Sachs: Blockchain is Ready For Centre Stage
Blockchain technology is ready to "take centre stage", says a new report by banking giant Goldman Sachs. The bank - which participated in Circle's $50m funding round earlier this year - notes in its Emerging Theme Radar research note sent to clients today that bitcoin might just be the "opening act" for blockchain technology. The report, from the equity research team, reads: "Once considered the underlying pipes of bitcoin, this technology is ... ushering in a new set of tools to cut costs and challenge the profit pool of the middle-man with a promise to make centralised institutions....
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The big question is whether or not patents have a rightful place in the blockchain world. Goldman Sachs is quite an intriguing financial institution. Even though they rejected Bitcoin and its technology for some time, they now want to go all-in on the blockchain. A new patent filing goes to show the group is working on blockchain-based forex trading. Quite an interesting development, although patenting it may not be the right course of action. Blockchain technology is designed to be an open standard, which anyone can use and improve upon. The Bitcoin source code follows that same concept,....
Goldman Sachs is bullish about blockchain, the underlying distributed ledger technology that powers the cryptocurrency - Bitcoin. Leading investment banking firm Goldman Sachs has - in a research note sent to clients today - raved about the decentralized platform by stating that "the Blockchain, can change...well everything." In a report by Business Insider, the bank sent its "Emerging Theme Radar" note to clients on Wednesday. The note, titled 'Themes, Dreams and Flying Machines' has deemed that the blockchain is "taking center stage" these days, noting that it is pulling the spotlight....
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An executive at Goldman Sachs is joining Coinbase after 16 years at the global investment bank. “It’s time to embrace the crypto economy,” he said, adding that the change is a “once in a lifetime opportunity to be part of building the next stage of the digital evolution.”
From Goldman Sachs to Coinbase
Roger Bartlett is leaving global investment bank Goldman Sachs to join crypto exchange Coinbase. At Goldman Sachs, he was a managing director and global co-head of operations for Global Markets for one year. Before that, he was the global....