Big question is that is the Banks team up can start-ups win? as the main challenge here is not tech but adaptation and getting the network effect in place
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Banks and other firms operating in the capital markets will spend $400 million a year on developing the blockchain by 2019, though ideas on how to use the technology remain in their infancy. This is the conclusion of a report published on September 8 by consultancy firm Aite Group, which estimates that capital markets firms will spend $75 million this year on developing the technology that underpins bitcoin – more than double their 2014 outlay. Aite predicts spending will grow steadily, hitting $400 million in 2019
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