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Forbes reports “In 2015, as financial institutions woke up to the possibility for blockchain technology, which powers Bitcoin, to improve their processes, a horse race began for incumbents to take advantage of the technology before the Bitcoin network gobbles up too much of their business. Throwing both money and human capital at building their own private blockchains, they seem keen to avoid the fate suffered by newspapers, video stores and record stores at the hands of the Internet.” Read More

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