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Sunday, August 30, 2015
Blockchain Technology: Media Late To The Party
Talk about being behind the curve.
This recent New York Times article on how major financial institutions are exploring the technology underlying Bitcoin -- what's called blockchain technology -- is following the recent trend in the past few weeks of the financial media looking into the growing attention at a technology whose applications could change the way these institutions do business and how they keep their profit centers and margins.
This may be the latest in a series of signs that while Bitcoin-as-currency stays relatively stable in a $220-260 price range, where it's been for about ten months now, the real value may lie in the technology and its uses.
The article explores what the institutions are revealing as to what they're doing.
The real value and the real activity may be behind the scenes and avoiding both leaks to the news media and inquiries from either the media or competitors.
Eric Dixon is a New York lawyer who works extensively with blockchain and cryptocurrency innovators and startups.