Jack Bowling, Steve Quinlivan Write Column on Blockchain Technology for the Minneapolis Star Tribune
Their column explores the history and the future use of bitcoin and blockchain technology in business and financial services. So far companies like Accenture, Digital Asset Holdings, IBM, J.P. Morgan and Wells Fargo have committed to supporting blockchain transactions. In addition, the SEC approved Overstock.com's registration statement to sell securities using blockchain technology. The Nasdaq Private Market will deploy blockchain technology in a pilot project this month.
Bowling and Quinlivan identify possible risks and uncertainties associated with widespread expansion of the technology. For instance, the cooperation of financial institutions and regulators is needed and hacking, confidentiality, money laundering and terrorism issues must be addressed.
"But," they write "as the technology develops and an ever-expanding list of blue-chip companies embrace it, there is little doubt that the blockchain settlement process will transform from a disruptive force to an everyday routine."
Read the full story: "Bitcoin blockchain technology to revolutionize financial services."