I doubt it there will be a fight. There is no choice. This is a generational thing. Look at those in Central Banking they are barely just getting through the day. Most look haggard, worn out, tired and exhausted attempting to keep the '70's illusion alive. Anyway, most will be retired soon..!! The new guys coming through the ranks don't want the responsibility for continuing the lies from the '70's, they much prefer a system in place that "does their job for them"..!! This is more than Central Banking fighting their corner, this is a GENERATIONAL TECHNOLOGICAL SHIFT for the new generation of CENTRAL BANKERS..!!
Here is the latest from XBT provider:
"We are seeing accelerated research into blockchain technology by the major financial institutions. Now, almost all major banks have announced either their own blockchain projects or co-operations together with blockchain focused startups in an effort to create new ways to transfer value.
Looking at the key innovation that blockchain technology brings, we are inherently sceptical towards projects trying to use blockchain technology to create improvements in centralised models.
You can easily build something centralised, like a bank, on top of a decentralised platform. For example, you can build a bank that follows customer protection laws, on top of bitcoin. However, you cannot take something centralised, like a bank's database, and build something decentralised on top of it.
This results in a situation where bitcoin can be used as the backbone for a global financial infrastructure where centralised solutions built on top can provide the needed legal security to satisfy both regulators and consumers. However, just rebuilding databases with blockchain technology while still adhere to the regulatory requirements of a financial services provider does not provide the same benefit since the backbone is still centralised."
"IBM claims, in a recently published report, that they expect 15 percent of major banks to have implemented blockchain technology by 2017. The estimate is the result of a survey IBM performed on 200 banks and financial institutions, on their progress on blockchain technology."
"15 percent of banks to adopt blockchain by 2017" ... i wouldn't be surprised if it was more. It's not that hard to implement if there is a desire. Most banks would have been thinking about this in 2014/2015 and begun to prepare their IT to receive it. By the end of 2017 I would imagine this would be more likely to be near 30% than 15%. Thanks for the comments I appreciate the support. Stephen
I doubt it there will be a fight. There is no choice. This is a generational thing. Look at those in Central Banking they are barely just getting through the day. Most look haggard, worn out, tired and exhausted attempting to keep the '70's illusion alive. Anyway, most will be retired soon..!! The new guys coming through the ranks don't want the responsibility for continuing the lies from the '70's, they much prefer a system in place that "does their job for them"..!! This is more than Central Banking fighting their corner, this is a GENERATIONAL TECHNOLOGICAL SHIFT for the new generation of CENTRAL BANKERS..!!
Here is the latest from XBT provider:
"We are seeing accelerated research into blockchain technology by the major financial institutions. Now, almost all major banks have announced either their own blockchain projects or co-operations together with blockchain focused startups in an effort to create new ways to transfer value.
Looking at the key innovation that blockchain technology brings, we are inherently sceptical towards projects trying to use blockchain technology to create improvements in centralised models.
You can easily build something centralised, like a bank, on top of a decentralised platform. For example, you can build a bank that follows customer protection laws, on top of bitcoin. However, you cannot take something centralised, like a bank's database, and build something decentralised on top of it.
This results in a situation where bitcoin can be used as the backbone for a global financial infrastructure where centralised solutions built on top can provide the needed legal security to satisfy both regulators and consumers. However, just rebuilding databases with blockchain technology while still adhere to the regulatory requirements of a financial services provider does not provide the same benefit since the backbone is still centralised."
Source: http://www.xbtprovider.com/lang_en/
And also:
15 percent of banks to adopt blockchain by 2017
"IBM claims, in a recently published report, that they expect 15 percent of major banks to have implemented blockchain technology by 2017. The estimate is the result of a survey IBM performed on 200 banks and financial institutions, on their progress on blockchain technology."
https://www-01.ibm.com/common/ssi/cgi-bin/ssialias?htmlfid=GBP03467USEN&
"15 percent of banks to adopt blockchain by 2017" ... i wouldn't be surprised if it was more. It's not that hard to implement if there is a desire. Most banks would have been thinking about this in 2014/2015 and begun to prepare their IT to receive it. By the end of 2017 I would imagine this would be more likely to be near 30% than 15%. Thanks for the comments I appreciate the support. Stephen