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Is this industry support, or more collaborative research project like R3? I have talked to some bank representatives, and while they have been testing ethereum
by jerguismi 9y ago
Is this industry support, or more collaborative research project like R3?
I have talked to some bank representatives, and while they have been testing ethereum technology, they do it on their private chains on their private networks. No word of production use. In general banks seem to budget a lot of funds towards various r&d activity, on which majority of stuff never ends up anywhere.
- 52-6F-62 9y agoIt's industry support for this particular implementation of blockchain tech, which seems to have a validating effect on the larger community surrounding it. There have been talks/speculation about interaction between the public chain and private chains in an analog to internet/intranet relationships -- that is, being of a common protocol.
- jerguismi 9y agoThe question is, do they use or plan to use this technology in production? I very much doubt that, at least anytime soon. However great opportunity to pump the price :)
- 52-6F-62 9y agoI suppose it depends on whether or not their work with other members of the EEA produces anything viable. If not, c'est la vie. It's a step in that direction, though. I think it's definitely a plus to have industry-experienced groups participating in looking into whether or not the tech is worthwhile. (It's kind of the Jobs-mind to the Wozniaks who dominate the space presently)
- Veelox 9y agoIt might just be research on private chains for now but that is something I never saw someone as big as MasterCard do for Bitcoin.