THELOGICALINDIAN - During this weeks Bitcoincom podcast our host Richard Jacobs sits bottomward with Tim Swanson Director of Market Research of R3 bunch They altercate blockchain cyberbanking and the mission of R3 as a cyberbanking aggregation absorbed in blockchain and broadcast ledgers
Also read: South Africa Will Begin Testing Bitcoin and Crypto Regulations
Swanson defines blockchain technology and criticizes bodies for not acutely answer or defining blockchain technology. It can be ambiguous and nebulous, he says. He defines blockchain as a cryptographically-secured, alter aggressive abstracts anatomy that is stored in a cloud. He abundant on what R3 is building:
He mentioned R3 is reapplying assorted techniques for accurately adapted banking institutions and banking markets. Their consortia has almost 80 associates and afresh aloft over $100M to ample up the banking bazaar basement for their participants. The end ambition is to alter adaptation processes, or the devil of the banking industry.
Check out the Bitcoin.com podcast with R3’s Tim Swanson here, or by alive the amateur below.
What do you anticipate about banks application a broadcast ledger? Is R3 bringing article atypical and avant-garde into the mix? Share your thoughts in the comments area below!
Images address of Bitcoin.com and R3
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