Blockchain

>>59272859
There is a massive (and well founded) fear that the vast majority of jobs in finance will be automated. This means also top management (for a change).

So what do? Some bet the house on that they and only they will be the one at the top and the defacto go to company for blockchain tech.

That is why they are applying for patents around this like there is no tomorrow. And for many there won't be much of a tomorrow.

>>59273734
What about Ripple Labs?

>>59273771
Well, what about them? Doesn't look like blockchain.

The advantage of blockchain is that it provides anonymity as well as the possibility for auditing. It really hits the sweet spot for the grey zone that mega banks really love. Until they go the way of Lehman Brothers.

Mostly cuts down on security costs. The cost to keep centralized applications secure is very high and banks like that they could have a scapegoat for any breaches.