Why ABN Amro Wants to Separate Bitcoin from a Blockchain

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abn amro

For ABN Amro’s executive of transaction banking, a company’s plan on blockchain tech can be best described with a grill analogy.

If we were looking to enter a business, Karin Kersten argues, we competence initial deposit in a restaurant. Next, we competence try to get a feel for a workflow, soaking dishes and watching existent staff. It’s then, she said, that we competence be prepared to enter a kitchen.

It’s that final final theatre that Kersten contends is many demonstrative of a activity during a Dutch bank, that boasts some-more than 22,000 employees opposite business lines including retail, private and corporate banking. A member of banking consortium R3CEV and a Linux-led Hyperledger project, and an financier in Digital Asset Holdings, ABN Amro has 30 employees actively operative in a self-evident kitchen to investigate blockchain applications.

Kersten told CoinDesk:

“We are doing experiments and saying if they work. We are training by doing, and operative on opposite levels. There’s not only one group operative on a blockchain.”

That’s not to contend that ABN doesn’t have a some-more transparent plan for how it intends to pierce brazen and that versions of a record it

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