What Happened to the Financial Blockchain Revolution

It turns out that's not what banks want.

Not going as some had hoped.

Photograph: Hulton Archive/Getty Images

Once upon a time, there was a lot of optimism that the blockchain -- the technology underlying Bitcoin -- would help the finance industry deal with a big headache: post-trade processing, the often long and arduous task of making sure money and securities change hands and everybody knows who owes what to whom.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.