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Swiss Banking Giant UBS To Launch New Ethereum-Powered Platform For Banks

Posted on 11th December, 2017

While it might not have the headline-grabbing appeal of bitcoin’s recent price surge, a new Ethereum-powered bank-to-bank data-checking platform may just be the start of a major innovation in blockchain technology. Swiss financial services giant UBS recently announced the project, known as Madrec (Massive Autonomous Distributed Reconciliation platform), which aims to streamline data verification processes […]

UBS investment report declares bitcoin “Problematic currency, interesting payment system”

Posted on 28th March, 2014

As one of the top global financial services companies in the world, Switzerland’s UBS manages over $1 trillion in assets. When a company of that size publishes a report on bitcoin, investors the world over pay attention. Today, UBS published a paper titled “Bitcoins and Banks: Problematic currency, interesting payment system” outlining their perspective on […]