UBS, Santander, Deutsche Bank, and BNY Mellon are working on 'bitcoin for banks'
Four banks have reportedly partnered on a blockchain project aimed at creating a means to clear and settle transactions worldwide.
BNY Mellon, Deutsche Bank, Santander, and UBS – the latter of which first disclosed its work on a so-called "settlement coin" last year – are hoping to launch a commercial-grade blockchain system by 2018, according to The Financial Times.
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source: http://www.businessinsider.com/big-banks-band-together-to-launch-settlement-coin-2016-8
This is a great article. I have been banging on about this problem for over 12 months and my message is just getting through..!!
BLOCKCHAIN + DERIVATIVES = GAME CHANGER
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