Main content

Bitcoin technology and real life banking

Could Bitcoin blockchain technology be moving into mainstream banking, making money transfers faster and more secure? Gareth Mitchell speaks to David Rutter, CEO of R3, a financial innovation company that will be working with nine major banks to develop blockchain technology for tracking real life financial transactions. The technology works by making a chain of all transactions and sending this updated chain to everyone who has ever made a transaction. But will this method lead to faster more secure and cheaper transactions?

(Image caption: Bitcoins 漏 Karen Bleier/AFP/Getty Images)

Release date:

Duration:

1 minute