atans1

Blockchain is the new Internet/ Sell banks?

In Banks on 27/01/2018 at 11:22 am

Banks talk of blockchain technology as something to be tamed and turned into a tool for the back-office, much as the big media companies once saw the internet as merely a useful way to cut their distribution costs.

FT’s Silicon Valley commentator

So banks going the way of media cos and it’s time to sell my HSBC and UOB (via Haw Par) shares?

One big difference is that banks play a biger role in the economy (real and financial) than media cos. So politicans and regulators have a vested interest in looking after them. Think how MAS is protecting our banks and extrapolate to the West.

Fintech: the reality behind the hype

 

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