[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 145 KB, 646x700, 1512071767713.png [View same] [iqdb] [saucenao] [google]
5269931 No.5269931 [Reply] [Original]

I talked to my banks chief innovation officer (big european bank) and asked him about the bank's blockchain projects and future implementations, it basically boils down to this:

>Their own blockchain projects for trade finance, insurance, etc.
>Hadn't even considered automatic accounting like REQ offers
>Won't come up with an own blockchain payment system because they wouldn't be able to compete with big payment processors
>They're waiting on SWIFT for this and are very bullish on their project
>Said he knew about hyperledger being centralized and SWIFT looking to work on a decentralized system
>He knows they're working with partners
>Had never heard of chainlink
>XRP will never be used by SWIFT banks because they'd have to commit to a whole new network
>I told him trade finance smart contracts aren't fully automatic yet as they still need real world data to be put into the system manually and he agreed

Do with this information what you will, it's all public so no big surprises. But seeing all of it together makes so much sense as to what you should be doing.

>> No.5269980

My uncle works at Goldman and he says they're going all on in on bitbeans

>> No.5270061

>>5269931

Which coins use SWIFT? Or is that just bitswift?

>> No.5270110
File: 116 KB, 480x480, 1513529349354.png [View same] [iqdb] [saucenao] [google]
5270110

>>5269980
I know you're a basketball court cleaner LARPing as an investor but some of us actually meet people. I'm just relaying public info so be grateful.

>> No.5270224

>>5270061
Do you need to be spoonfed? Swift may have a partnership (or not) with chainlink, they're all racing to become the new standard, blockchain payments aren't enough to discern yourself from the competition, you need to bring more to the table.

If SWIFT picks another company, I'm ditching LINK and will buy that coin instead.

>> No.5270246

>>5270061
that's just a meme naem

Stellar-IBM-SWIFT look it up

>> No.5270386
File: 13 KB, 243x243, 1512231038155.jpg [View same] [iqdb] [saucenao] [google]
5270386

Another thing he talked about was using AI to assess damage for insurance purposes. Chainlink would be able to connect the AI's data to the insurance smart contract, which would allow for automatic compensation.

This is bigger than you might think.

>> No.5270714

>>5270386
So do I buy BAT or Chainlink?

>> No.5270933

>>5270714
>do i buy shit or shit?
Gonna do you a favor. Dont buy either. Not even shilling you any coin in particular

>> No.5271068
File: 28 KB, 440x426, 1513791531062.png [View same] [iqdb] [saucenao] [google]
5271068

>>5270714
If you're uncertain I'd wait to buy LINK, it's too risky. If they don't have any partnerships they'll go under. If they do however, they'll have a dozen use cases.

I pray that they do.

>> No.5271087

>>5270714
DYOR
BAT and LINK are both years away from their goals
(I do believe LINK has a bigger goal)

>> No.5271125

>>5269980
DELET THIS

>> No.5271190

Xlm

>> No.5271238
File: 126 KB, 560x431, 1442849894016.jpg [View same] [iqdb] [saucenao] [google]
5271238

>>5271087
No problem I will HODL. Just looking for one or two shitcoins to diversify a little.

>> No.5271324

>>5271068
>If they don't have any partnerships
They do. Sergey confirmed that he would rather not risk the relationship by releasing the info though, and he would let the partners diverge it themselves when they are ready. "Small teams will likely reveal it first" he said.

> a dozen use cases
By a dozen do you mean thousands and thousands?

>> No.5271529

>>5271324
Yes, this. It takes all existing blockchain technology a step further. Since I spoke to the CIO I truly see all the potential by connecting the dots.