Banks That Are Seriously Looking into Blockchain Technology – Bitcoints


Published on July 19th, 2015 | by bitcoin


Banks That Are Seriously Looking into Blockchain Technology

The following list will explore which big banks are closely studying and developing interesting use-cases for the blockchain.

Santander Bank, the world’s 10th biggest bank has found over 25 possible use-cases of the blockchain that could be implemented to traditional banking systems.

Santander has also co-authored report in which they discovered that the integration of the blockchain technology could eliminate up to US$20 billion of banking costs.

One of the main reasons for the investment was for the bank to become familiar with the blockchain technology.

Estonia’s LHV bank has been experimenting with blockchain technology using colored coins, bitcoin-based certificates of deposit.

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