March 21, 2016
Assume you want to spend all your US$100 to buy goods in a shopping mall. At the checkout, you say that you will send an email promising to pay US$100 (i.e., an electronic IOU). The merchant happily accepts the email and goes to the bank. The bank also accepts the email and credits US$100 to the merchant’s account.
December 15, 2015
In the machine-to-machine scenario, the blockchain remains completely transparent to “human” business users, and it will be deployed to develop solutions tied to the Internet of Things. The IoT is the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enable these objects to collect and exchange data.
December 10, 2015
In the corporation-to-corporation scenario, corporations will start working on blockchain projects for mission-critical (i.e., niche) applications, while waiting for the “big thing” to occur. Banks may not have any role to play.
It is a fact that corporations are late to take on the blockchain debate, and such lack of awareness may be the symptom of a simple lack of interest. After all, banks are all over blockchain because bitcoin shook them up and made them keep their wide eyes open.