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Topic: [2015-12-18] Technology, financial companies value blockchain system (Read 218 times)

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IBM, Wells Fargo and the London Stock Exchange Group — along with several other major companies — aligned with the Linus Foundation on Thursday to create an alternative to the blockchain, an online spreadsheet that supports the bitcoin currency and its transactions.

New York Times reporter Nathaniel Popper said it’s the blockchain technology that’s got others interested.

“The blockchain is what allows for bitcoin to move around different users of the system. [It's] increasingly thought of as the most valuable part of bitcoin. This is the part of the bitcoin technology that Wall Street is getting excited about, that central banks are getting really excited about. It’s a new type of financial network,” he said.

http://www.marketplace.org/2015/12/18/tech/technology-financial-companies-value-blockchain-system
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