The last month has seen some of the world's largest companies apparently undergo a change of heart about blockchain technology. Peter Schwabach takes a closer look at why that might be
After a month where, among other developments, Goldman Sachs said it would start trading bitcoin and bitcoin futures, Facebook revealed it was exploring launching its own cryptocurrency and HSBC announced it had completed its first blockchain cross-border currency transaction, it is fair to pose the question - has blockchain finally ‘come of age'? Yet it was only six months ago that Goldman Sachs CEO Lloyd Blankfein confidently announced: "Bitcoin is a vehicle to perpetrate fraud." And four months ago that Facebook announced it was blocking all advertising for cryptocurrencies. And thre...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
