03 Oct '16, 10am

How the blockchain will disrupt energy markets

Name a big software company involved in the cloud computing services movement, and it’s a pretty safe bet that work includes experiments involving a technology called the blockchain — the transaction processing technology that underlies the Bitcoin digital currency. Just last week, Google disclosed its involvement in experiments by Royal Bank of Scotland, mainly for handling the clearing and settlement of financial transactions. Microsoft is involved in a similar project with Bank of America Merrill Lynch . IBM also has been extremely vocal. On Sept. 28, the company published self-funded research suggesting that about 15 percent of all banks would dabble in blockchain technology by the end of 2017 and that roughly two-thirds will have formal services in place within three years. "There are many advantages to being an early adopter of blockchain technology," said Likhit Wag...

Full article: https://www.greenbiz.com/article/how-blockchain-will-disr...

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