Digital currencies might have launched a blockchain conversation, though it’s no tip that they’ve taken a backseat amid rising seductiveness in distributed ledgers.
Now, with a assistance of ‘Big Four’ review organisation PwC’s Australia division, a contingent of startups are creation a play directed precisely during altering this account by convincing financial institutions that bitcoin (and a open network of digital currencies that has sprung adult around it) could assistance them launch new services and improved offer existent customers.
Called Vulcan Digital Asset Services, a height (a corner bid by Bloq, Libra, Netki and PwC), aims to capacitate a veteran services firm’s clients to launch digital resources that would be interoperable with and trade alongside bitcoin and a many alternatives.
In interview, Vulcan lead and PwC Australia blockchain personality Robert Allen explained that a beginning grew out of a bid to make bitcoin some-more permitted to large institutions.
Allen told CoinDesk:
“Where we started was with digital currency, ‘How do we make bitcoin applicable to banks?’ It shortly became apparent that regulating identity, regulating methods to request correspondence and regulatory stating to cryptocurrencies like bitcoin indeed had a far-reaching application.”
Allen explained that a tradesman could use Vulcan