CoinDesk Daily is sponsored by 🍂 🍂 November 22, 2017 🍂 🍂 | | "The policy of being too cautious is the greatest risk of all." – Jawaharlal Nehru | | THE FEATURE Italian Bank Intesa Sanpaolo Explores Ethereum Derivatives Banks, it seems, are strangers in public blockchain no more. Once confined to private networks, tests and trials are now being conducted with an increasing complexity using cryptocurrencies. As profiled by CoinDesk, two explorations of such applications in the securities market moved ahead today. In one, a bond, denominated in cryptocurrency, was used to secure short-term capital. In the second, a wider exploration was taken of how derivatives could change incumbent business models should they succeed in migrating to a blockchain. A notable selection of players, from incumbents Intesa Sanpaolo and JP Morgan, to startups Nivaura and Oraclize, were involved. Sure, maybe it's not a $10,000 bitcoin price prediction, but together, the announcements mark a notable maturation and highlight the increasing melding of blockchain sectors. Are we yet in Oz? Maybe not. But with increasing consideration and design sophistication, blockchain trials aren't in Kansas anymore. | | | ⭐ COINDESK SPONSOR ⭐  Custody for your Crypto Assets Protect and secure your assets with itBit, a regulated Trust Company, and Custodian. With itBit, all assets are backed by regulatory capital reserves, and you can verify custody account balance and holdings 24/7 with personalized access and customer support. Learn More | | | | | |
0 Comments