{"id":5561,"date":"2017-12-11T20:43:44","date_gmt":"2017-12-11T20:43:44","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=5561"},"modified":"2017-12-11T20:43:44","modified_gmt":"2017-12-11T20:43:44","slug":"iota-blockchain-solutions-recognized-deutsche-bank","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/iota-blockchain-solutions-recognized-deutsche-bank\/","title":{"rendered":"IOTA Blockchain Solutions Recognized by the Deutsche Bank"},"content":{"rendered":"
Blockchain could be the way. On a just released report<\/a> by the Deutsche bank, it has been noted out that the German global banking and financial services company sees great potential and opportunities in the technology that is exploding<\/em> right now. While being very bullish on the technology, the bank does not support in the same manner the cyrptocurrencies and all the enthusiasm.<\/p>\n Blockchain got more recognition last week, when the Australian Securities Exchange (ASX)\u00a0announced thatit would fully replace its Clearing House Electronic Subregister System (CHESS) with distributed ledger technology (DLT). The fact that CHESS is in good enough shape to continue functioning at a decent level strengthens further the case for blockchain application. Deutsche Bank considers this emerging technology \u201cone of the most innovative developments in recent years.\u201d<\/p>\n According to Deutsche Bank, the advantages of blockchain are decentralization, security through encryption, transparency, and versatile application. Limited memory capacity, access permissions, scalability, and the need for trust in new technologies are listed as weaknesses. Even if scalability is considered a weak point, the report notes that\u00a0IOTA<\/a>\u00a0has managed to resolve this issue.<\/p>\n The virtual network created for the Internet of Things [IoT] \u2013 IOTA, as you may know, had a recent value upward rocketing for their token MIOTA against the US Dollar. The value explosion rocketed the virtual currency to the 4th place by market cap.<\/p>\n