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Topic: [2015-06-22] Barclays Trials Bitcoin Tech With Pilot Program (Read 540 times)

legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
as i understand it, they are using the (bitcoin) blockchain and get some help from the safello-team.

http://uk.businessinsider.com/barclays-bitcoin-startup-safello-blockchain-fintech-2015-6?r=US
legendary
Activity: 1904
Merit: 1074
In affect what they are saying is... We will not support Bitcoin, but we find the Blockchain very interresting. Can you go out and find something that would better suite our goals... Erm like Ripple.

We do not like anonymity and we have some other ideas for you to play with in your design to create our own tool.

The Blockchain will provide them with a tool to get to the lowest income groups and they will exploit them too, like they did with the middle class.

I am not exited about them trying to enter this market and designing their own "Blockchain" type technology to replace Bitcoin.  Angry Angry
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Barclays Trials Bitcoin Tech With Pilot Program

Barclays has signed off on a proof-of-concept to trial bitcoin technology.

Following an agreement with bitcoin exchange Safello, the UK bank says it will explore how blockchain technologies could bolster the financial services sector. Exact details of the pilot are currently under wraps.

http://www.coindesk.com/barclays-trials-bitcoin-tech-with-pilot-program/
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