1. Nine of the World’s Biggest Banks Form Blockchain Partnership

    Nine of the world’s biggest banks, including Goldman Sachs and Barclays, have joined forces with New York-based financial tech firm R3 to create a framework for using blockchain technology in the markets, the firm said on Tuesday. It is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin — a controversial, Web-based “cryptocurrency” — can be used in finance.

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    1. We held several roundtables … to deeply consider what the possible implications of the blockchain were, and what it could possibly do to save money and time, and to create a better paradigm for the world of Wall Street and finance.
    2. These new technologies could transform how financial transactions are recorded, reconciled and reported -– all with additional security, lower error rates and significant cost reductions.
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