I think it is a smart move.
Not only do they get a chance to incorporate a new technology, they also attract tech talent to their company.
Topic: BoE offers prize for ideas using Blockchain Tehnology - page 2. (Read 1272 times)
http://blockchain.bankofenglandearlycareers.co.uk/
Wow!
I never expect to read something like that from a bank.
What's the matter with them?
This just shows me that banks have absolutely no sense for creativity or inspiration.
This sounds a bit like:" We are going down. If you have any idea on now to save us, now is a good time".
Quote
The challenge
There’s a lot of buzz around blockchain. It’s a technology that allows people who don’t know each other to trust a shared record of events. And its potential won’t just impact financial services. Many believe that blockchain could track and verify almost any digital record.
A host of possibilities
Blockchain’s distributed ledger technology already maintains the Bitcoin network, and keeps a record of all Bitcoin transactions. It’s underpinning a new land title registry system in Honduras so people can prove they own the land they’ve bought. It’s enabling universities to store and encrypt student qualification records so employers can instantly verify CVs. It’s helping insurance companies crack down on fraud and theft by giving diamonds a digital fingerprint, creating a public ledger that tracks the origin, sale and ownership of the world’s most precious stones.
And many more novel applications are bubbling under. From how we identify individuals or verify the provenance of organic goods, to managing car leases or decentralising crowdfunding services.
The point is that while the technology might include some risks, there are all sorts of far-sighted, game-changing, life-enhancing ideas to pursue. We want to hear about yours.
There’s a lot of buzz around blockchain. It’s a technology that allows people who don’t know each other to trust a shared record of events. And its potential won’t just impact financial services. Many believe that blockchain could track and verify almost any digital record.
A host of possibilities
Blockchain’s distributed ledger technology already maintains the Bitcoin network, and keeps a record of all Bitcoin transactions. It’s underpinning a new land title registry system in Honduras so people can prove they own the land they’ve bought. It’s enabling universities to store and encrypt student qualification records so employers can instantly verify CVs. It’s helping insurance companies crack down on fraud and theft by giving diamonds a digital fingerprint, creating a public ledger that tracks the origin, sale and ownership of the world’s most precious stones.
And many more novel applications are bubbling under. From how we identify individuals or verify the provenance of organic goods, to managing car leases or decentralising crowdfunding services.
The point is that while the technology might include some risks, there are all sorts of far-sighted, game-changing, life-enhancing ideas to pursue. We want to hear about yours.
Wow!
I never expect to read something like that from a bank.
What's the matter with them?
This just shows me that banks have absolutely no sense for creativity or inspiration.
This sounds a bit like:" We are going down. If you have any idea on now to save us, now is a good time".
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