SOB Q3 2015: Banks Embrace Blockchain Amid Bitcoin Funding Slowdown

CoinDesk’s latest State of Bitcoin and Blockchain report, sponsored by Coinalytics, summarizes the key trends, data and events from the third quarter of 2015. This article highlights a few of the 88 new slides found in the report.

State of Bitcoin Q3 2015

Blockchain captures the zeitgeist

The Q3 2015 report marks CoinDesk’s eighth in the series and much has changed since we released the first State of Bitcoin in February 2014. Arguably the most significant change, which was highlighted in last quarter’s report, has been the dramatic shift in focus from bitcoin’s use as an alternative currency and store of value to the possibilities surrounding the underlying distributed ledger technology, or blockchain.

There has long been significant interest in the many different uses for blockchain technology. However, the ‘non-currency’ use cases (eg securities settlement) have, until recently, generally commanded less total mindshare than ‘currency’ use-cases (eg merchant acceptance and payment processing).

In acknowledgment of the increasing emphasis placed on distributed ledger technology, we have retitled our report the ‘State of Bitcoin and Blockchain and added a new section specifically focused on the latest developments in distributed ledger technology.

Bitcoin startups pivot

Alongside the interest shown during

Read more ... source: TheBitcoinNews