Banca IMI Researcher: Blockchain Won't Work if Banks Don't Change

Banca IMI Researcher: Blockchain Won't Work if Banks Don't Change

The head of interest rate and credit models at Banca IMI, an investment banking and capital markets subsidiary of Intesa Sanpaolo, has penned a new paper on blockchain technology. Dedicated to spotlighting "real business cases" for the technology, Massimo Morini’s report argues that the lesson that should be learned from cryptocurrencies such as bitcoin is that traditional financial business model needs to be reformed, not just improved. Morini writes: "One crucial misunderstanding here is the idea that blockchain technology can be exported to financial markets....


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