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Goldman Sachs Eyes the Blockchain, Crypto Community Yawns

P. H. Madore
According to David Solomon, Goldman Sachs will be using the blockchain to lower its costs and improve access for clients.| Source: Shutterstock; Edited by CCN
According to David Solomon, Goldman Sachs will be using the blockchain to lower its costs and improve access for clients.| Source: Shutterstock; Edited by CCN

Goldman Sachs is reportedly more interested in the blockchain than ever, with in-depth research going into the concept of tokenization.

Blockchain Good, Crypto Great?

The firm wants in on the decentralized ledger goods now all of a sudden.

Let’s not get off the rails. This is a good thing.

If only the blockchain had existed for decades, not years, it might have prevented a lot of the silliness that led to the 2008 financial crisis. Goldman played their role in all that.

But Goldman Sachs regaining their interest in blockchain, this isn’t what we mean when we talk about institutions coming in by the dozen.

This is nothing at all by comparison to the expectations people have these days.

People might get surprised if you say you’ve got 10 banks coming together to support this or that cryptocurrency or blockchain project.

Read the full story on CCN.com.