There is land grab going on! New companies are being forged, consultancies warming up and practicing the B'Chain lingo and hardened investors are piling in with multi millions.
As cars go autonomous and the human bottleneck is removed with the promise IoT or IoMe, this is another example of technology removing the risk and increasing efficiency of daily life.
The geek in me is fascinated, but how wild will this new frontier be to enter and survive?
For the financial services sector it offers the opportunity to overhaul existing banking infrastructure, speed settlements and streamline stock exchanges, although regulators will want to be assured that it can be done securely. The developments potentially combine two of the most dynamic industries: the computing hub of Silicon Valley and the money management of Wall Street and the City of London. “We could go the way that file transfer technology changed music, allowing new businesses like iTunes to emerge,” says Michael Harte, chief operations and technology officer at Barclays. “That is why there is such feverish activity at the moment.”