Member Info for simbow66

Blockchain is going to play a part in our future.. Growth is expected globally to grow from $228M to $5.4B within 6 years. This is a conservative figure.

Here is some info. from a BBC article. Why are the banks so excited? "Banks do very similar things to each other, even though they compete," says Simon Taylor, vice-president of blockchain research and development at Barclays. "They basically keep our money safe and a big computer keeps track of who has what. But getting these computers to talk to each other is remarkably complex and expensive - the tech is getting a little old," he says. If banks started sharing data using a tailor-made version of blockchain it could remove the need for middlemen, a lot of manual processing, and speed up transactions, says Mr Taylor, thereby reducing costs.

News out and share price up 77% on ASX :)

can it not be released here later in the day? or tomorrow?