Except the comment is more about expert system interventions (custom software, paper, tape histories, people) in transactions and moving to a system that utilizes blockchain to replace "mainframe era" operations. My own experience in banking, indicates that the process is still full of processes, people & paper driven. Blockchain may provide not only a way to move money without single points of failure (auditing etc), but contain very complicated relationships under better security/audits and movement thru systems.
Rob Schramm On Mon, May 2, 2016 at 12:18 PM Mark Regan <[email protected]> wrote: > > http://www.bloomberg.com/news/articles/2016-05-02/inside-the-secret-meeting-where-wall-street-tested-digital-cash > Them seem to forget that the zSystem can do Blockchain too. > > > http://www.ibmsystemsmag.com/mainframe/trends/IBM-Announcements/z-Systems_LinuxONE_Blockchain/ > > From the Bloomberg article: > ‘Mainframe Era’ > > Nasdaq and Citigroup partnered to explore how they can work together, said > Brad Peterson, the exchange-owner’s chief information officer. He said > blockchain also could be used for reference data -- how specific stocks or > bonds are identified across all markets, for example. > > Wall Street was one of the earliest beneficiaries of computers replacing > office systems. Now 30 years later, those legacy systems can be a hindrance > to further technological evolution, he said. > > “That’s the great opportunity -- how to unlock that ability to work your > way out from under the mainframe era,” he said. > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to [email protected] with the message: INFO IBM-MAIN > -- Rob Schramm The Art of Mainframe, Inc ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
