Private/Permissioned Blockchains Next Up for Distributed Ledgers

"The big difference between the original blockchain for bitcoin and the blockchain now widely talked about by banks is that instead of preferring transactions to be unknown, blockchain prefers transactions to be known."

Peter Vaihansky of DataArt discusses the future of blockchain technology.

The distributed-ledger technology blockchain has been widely talked about by banks. Last week, JP Morgan announced a trial project to test the use of blockchain technology for its loan trading operations, while Bank of America had filed for 15 blockchain-related patents. WatersTechnology's editors have predicted that 2016 will be the make-or-break year for blockchain.

For the capital markets to accept a new technology, it has to have attractive features and be an improvement upon and existing pl