BTCS Inc (BTCS)

[Euripides90]

Charles surely well aware the huge potential and has said he knows all the major players but IMO seems too focused on trees to exploit the forest right now:

sure he's gotta reduce debt and is doing that, cutting expenses from legal representation to the overhead of renting the DM place and servers but I still don't know what strategic moves he's making @the same time: so much opportunity and a fairly narrow window before the competition he had beaten is moving in on this, e.g.:

https://btcmanager.com/news/finance/blockchain-stocks-and-etfs-alternatives-to-holding-crypto/

https://www.thestreet.com/story/13692144/2/visa-puts-blockchain-to-the-test-as-banks-mine-bitcoin-technology.html

https://www.ft.com/content/72ffd222-66be-11e5-97d0-1456a776a4f5

https://www.ft.com/content/f358ed6c-5ae0-11e5-9846-de406ccb37f2

Blockchain, the computer network on which bitcoin sits, has caught the imagination of the financial services industry in the past six months for its potential to overhaul the sprawling and complicated network of bank payments and settlements. It is seen as a way of instantly updating payment ledgers in multiple locations without a single, centralised authority.

Banks, exchanges and settlement houses are exploring ways to harness the much-hyped technology to reshape many of their daily operations, from upgrading old back-office systems and outsourcing billions of dollars in costs to automatic execution of contracts.

Such exploration has sent the industry in many directions, from looking at networks that rely on bitcoin or other digital tokens for their use, to ones in which accredited users are given “permission” to access a particular blockchain. And despite the interest, the industry has yet to come up with a widespread application for financial markets.

“If you’re looking to introduce applications with distributed ledger technologies to improve the financial markets, you can’t have each participant working to a different pattern,” said Christopher Murphy, global co-head of FX, rates and credit at UBS. “What R3 are doing is bringing a consensus which could establish common standards.”

R3 wants to establish consistent standards and protocols, while linking bank collaboration on research, experimentation and design of prototypes to create a “network” effect. Data will be stored outside the bank’s firewalls, and analysed and matched against other counterparties.

So standardization is coming, and while it's urgent to jump into the fray ASAP, it's also important to join and hopefully help lead the RIGHT direction, no time to change mule teams again.