Blockchain full of potential, but also ‘sound and fury’, Bank of America CTO says

Cathy Bessant, tech and operations chief at Bank of America, said that blockchain is a technology with a lot of potential in an interview with Bloomberg. However, she claims blockchain is “full of sound and fury, yet to signify something.”

According to Bessant, BofA is still searching for a use case that would be beneficial for the financial technology sector as a whole. In March, the bank had 82 blockchain-related patents.

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