Thursday , December 12, 2024

Who’s Doing What With the Blockchain

Banco Santander, Barclays, and USAA: Three of many banks looking at ways the blockchain can reduce operating costs.

BNP Paribas: The French bank is reportedly weighing the possibility of including Bitcoin in a currency fund.

Goldman Sachs: Is exploring ways to apply the blockchain to its business processes and expects a clearer picture of how that may occur in about a year. Goldman also invested an undisclosed sum in Bitcoin startup Circle.

Nasdaq: The stock exchange is experimenting with ways to use the blockchain in its pre-IPO trading arm, Nasdaq Private Markets.

Overstock.com: Awaiting SEC approval for a stock exchange where all trades will be made and settled using blockchain technology.

UBS: The Swiss-based investment house plans to open a blockchain research lab to identify ways the technology can be applied to bring innovation to banking.

Visa: Evaluating the role blockchain technology could play within its processing environment in the future.

Source: Digital Transactions, Coindesk

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