Within a Year, Blockchain Will Be Mainstream Tech for Banks

The head of research at R3 CEV announced that a development team in London is coding the fabric for an open-sourced, generic "shared ledger," which banks want to use to reduce reconciliation costs.

R3 is an innovation firm focused on building and empowering the next generation of global financial services technology.

"It is important not to overhype things, although it is too late on that," Mr. Swanson

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