Bitcoin underpants systems are more excited than Wall Street cryptoconces, but global financial industries are still not able to do much with the technology known as blockware.
Reuters has found some blockchain projects introduced by major financial institutions that have been scattered as a technical development, entered into a hype-meets-reality stage.
The killings included the project of the Depository Trust and Clearing Corporation (DTCC), BNP Paribas SA and six group projects.
In the last few years, these were among the blockquenial examinations conducted by the financial industry, because the company would transfer large infrastructure for new technologies, overcome brokers, deal with speed and reduce costs for things like securities and payment processing.
Yet some projects were developed, the companies went back for various reasons - for the possibility of preparing costs from the industry, for which the blockanken still has its first days.
DTCC, known as Wall Street's pamphlet, recently told a Murray Pozmander, chief of the Clearing Agency service at DRCC, a breakdown of a blockquenay system, the breakup of the system, the clearing and settling of contract transactions, and the settlement.
He said the project was successfully tested with Digital Asset Holdings (DA), because the banks and other potential users believe that the same results can be achieved using the current technology more economically. "Basically, it became a solution to the search, a problem," he said.
Six Institutional Service Providers, Six Securities Services, a unit of the group operating in Switzerland's stock exchanges, decided not to create a prototype created by the DA for securities processing, SIX spokesman J. At the Rog Schneider told Reuters.
"We wanted to go to the other side," said Schneider.
Dr Jr. Morgan Chase and Co's former executive Blayith Master.
In 2012, Prabbaoyd, the bank of the French Bank, participated in the beginning with the Smart Angels Group of its Securities Services division, which has been able to build a platform for managing small micro-businesses in their securities.
The bank stopped the project, and instead of joining another blockchain named Liquidhead, it was linked to other financial institutions. "The full post-trade ecosystem requires full cooperation to create an enterprise-wide robust blockkain platform."
DTCC, BNP Parboss and six officials of the six blocking examinations were "Proof of Concepts" which have been announced by the financial institutions in a comprehensive decision.
"The expectation is a big part of the problem, or most of the vendors and most consultants are missing out on those who claim that they did not fulfill the phantac event phases," said Tim Swanson. Technology Consultant Post Oak Lab.
Reuters reported last week that JM Morgan is considering the crocodile for his Merkel Blockkayen project koram. In July, a blockquenay service was dissolved in a part of the settlement provider Euroclear and beginning Paxos.
Still, other projects are in progress.
Pozmanter said, DTCC is still testing another project with DA and it's a block-based-based trade data warehouse set to be tested to launch next year. "We're still bullish on technology," said Pozmanter.
DA spokesman Vera Newhaus said that the repo test with the DA has fulfilled all its stated goals and adopted a new project that is checking the DTIDD.