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Blockchain will follow the same adoption path as cloud computing

February 12, 2019 / finextra

Anthony Woolley, head of innovation, UK at Société Générale, highlighted that while his team had been aware of blockchain from an intellectual point of view, in 2015 the bank decided to leverage increased “interest in smart contracts, crypto assets, securities and derivatives.”However, as Woolley explained, the problem with emerging technology is that “everyone projects forward really fast,” but this is where the bank started their blockchain journey, joined the R3 consortium and began to adapt the technology to work in financial services.