Banks investing more in blockchain than tech companies

Banks were once sceptical about blockchain technology, but now – having recognised it as an existential threat to their businesses – they are leading the way in its development and implementation.

Banks are investing more in the blockchain than the tech companies, because they see it as a bigger threat to their business, according to Shidan Gouran, president and CEO of Global Blockchain, an investment company focused on blockchain-related companies.

“Banks know if they lose the battle with this technology they will go the way of Kodak,” he says.

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Shidan Gouran,
Global Blockchain

Blockchain technology promises to radically change the services banks offer their clients and the way those services are offered.

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