Ken Moore, head of Citi Innovation: the
bank has been looking at distributed ledger technology for “the last few
years”. Moore was saying it has up and running three
separate systems within Citi now that actually deploy blockchain
distributed ledger technologies:
"We also have an equivalent to Bitcoin up and running, again within the labs, so we can mine what we call a ‘Citicoin’, for want of a better term. It’s in the labs, but it’s to make sure we are at the leading edge of this technology and that we can exploit the opportunities within it."
"We also have an equivalent to Bitcoin up and running, again within the labs, so we can mine what we call a ‘Citicoin’, for want of a better term. It’s in the labs, but it’s to make sure we are at the leading edge of this technology and that we can exploit the opportunities within it."
Moore said that most
of their efforts have been focused on payments; trade probably being a
second runner.
