Blockchain A Revolutionary Application In Financial Services
Goldman Sachs is an organization that filed an application for a patent related to a settlement system for securities markets that would incorporate its own cryptographic currency, the SETL coin. The company is one of the 42 financial institutions (half of which are among the 100 largest revenue generating firms in the world) that joined a blockchain group launched in 2015 by a financial technology firm, R3 CEV. This consortium or group, one of the first collective efforts among major financial sector firms, is exploring opportunities to utilize blockchain technology not only in new financial products but also in their ongoing operations....