Goldman Sachs and Citi Bank Settle Equity Swap on Permissioned Blockchain Axoni

[CryptoResearchReport 11]

 

Goldman Sachs and Citi Bank announced they will conduct the first blockchain equity swap on an Ethereum inspired platform. To conduct this swap, they are collaborating with a new market player called Axoni.

 

Read full report -

English: https://cryptoresearch.report/crypto-research/goldman-sachs-and-citi-bank-settle-equity-swap-on-permissioned-blockchain-axoni/

Deutsch: https://cryptoresearchreport.de/crypto-research/goldman-sachs-und-citi-bank-schliesen-einen-aktientausch-gegen-die-genehmigte-blockchain-axoni-ab/

[Robert M. Gervais 19]

Goldman City Bank has stated that they will switch to the new blockchain on the platform inspired by ETH coins but I do not understand why they are trying to change the way the payment system is currently used and where the blockchain is being used.

[Alice P. Jackson 14]

Goldman Sachs and Citibank Settlement Equity Swaps hold on approved blockchain Oxoni.  As a result, there is a slight problem with the coins.

[CryptoBox 40]

I looked at the two links we provided as a source. They entered a beautiful formation in thought. Of course, the success rate will change in direct proportion with its use. Having such developments in the field of financial services has always been promising for the Crypto World.

[Opinder 1310]

Goldman sachs and citi bank conducted first equity swap on ethereum based platform on 28 january 2020 but now they would use new blockchain platform backed by Axoni's technology for constant updations of every variables like interest rates, prices etc.

[bentayebsalah 2280]

It is good for Goldman Sachs and Citi Bank to agree to make the first cryptocurrency transaction and this will have a positive effect on crypto.

[Lover840 0]

On 3/4/2020 at 7:58 AM, Nisu2244 said:

Goldman City Bank has said that they will switch to the new blockchain on the platform inspired by ETH coins, but do not understand why they are currently using the payment system and trying to change where the blockchain is being used.

Hello my dear friend. The same question has been popping in my mind as well. Why they are trying to change the current payment method. But anyway this is a good news for the blockchain technology. 

[jekich.chan 1439]

Finally, such a large project on Blockchain technology has appeared. Now there will be actually a new stock exchange stock exchange, very good use of blockchain. We look forward to further development

[tienda 8776]

I think not just Goldman Sachs and Citi Bank Settle who will involved in Blockchain Technology all companies and government are surprised about the powerful of Blockchain Technology, so in short time we will see a lot of company will implement this technology on their system, but cryptocurrency for when?

[BTC Future 3946]

Goldman's probably trying to gain as much technical knowledge as possible, while having plan to create their own cryptocurrency in the future. As happened with Ripple, banks acquired all they needed and then either stopped the partnerships, or stalled everything for a future reference. 

[Brand1 1336]

Hello my friend, this news is very good and happy because this matter will help in developing a blockchain system. I will refer to the article and understand it well. Thank you

[bliznec 22267]

Goldman Sachs and Citi Bank will do something incredible together with the blockchain, and this will follow the new in the cryptocurrency community Ethereum. Great news.

[Rezort 846]

On 27.03.2020 at 14:12, BTC Future said:

Goldman's probably trying to gain as much technical knowledge as possible, while having plan to create their own cryptocurrency in the future. As happened with Ripple, banks acquired all they needed and then either stopped the partnerships, or stalled everything for a future reference. 

I actually agree with your opinion because these two banks are really trying to bring more attention to cryptocurrency as there is a small amount of such banks.

[rekter 8129]

On 3/3/2020 at 5:41 PM, Robert M. Gervais said:

Goldman City Bank has stated that they will switch to the new blockchain on the platform inspired by ETH coins but I do not understand why they are trying to change the way the payment system is currently used and where the blockchain is being used.

They don't use it as a payment system, they are using private blockchain as a underlying technology, it doesn't need to contain any currency with it.

 

In other words; this does nothing good to open source permissionless cryptocurrencies we are dealing with.

Edited April 12, 2020 by rekter

[jamesvince 2389]

i am surprised most of token of crypto market why used widely to eth blockchain technology. Because many others blockchain technology available in crypto market such as stellar, ripple,waves,trons etc. I it means eth are more important and powerful blockchain network of crypto market. 

[magd 5231]

This exchange of shares is a great hope for currencies, but in particular the Ethereum coin. I suspect that two similar shares exchanges between large companies will lead to Etherium crossing the $ 500 dollar threshold. Goldman and Bank City are well known in the economic field.

[Jeet Narayan 1940]

I hope Goldman and Citibank make this project successfully. They are collaboration ethereum and Axoni app, which is very good deal for both platforms. I guess very soon we will use this swap in Axoni app.

[Jeet Narayan 1940]

Now many banking system can develop their own blockchain . They are use blockchain technology that for their service fast and smooth . That is very great news to heard . 

 

[Captain Karim 0]

Good, an important decentralized application that will be hosted by the Ethereum network, decentralized applications are spreading very quickly and will cause a major software and development revolution.

[Thekingcallme 1975]

It is good to hear this news about a contract and an agreement between two banks to deal with the blockchain, and I think it will be a good and successful experience.

[Sarahden111 1231]

The creation of such an order is very helpful to users and rely on the Ethereum blockchain, and such a step is like promoting and attracting people and users from outside the market, and in general, a number of banks like this are very few, which is very important.

[Moaz 7239]

This is good news for crypto users that international banks make the first exchange of shares based on blockchain technology and I believe that there are many banks that will rely on blockchain technology in their financial transactions in the near future

[koussai999 1986]

Cryptocurrencies are already continuing to achieve achievements in the world and many companies at the present time are racing to deal with cryptocurrencies in order to keep pace with global developments in the world

[TimopheyKa 3900]

I think this is quite an interesting breakthrough for the coming future.  because this technology will allow us to adapt to the situation, and we can observe that the blockchain system is actively developing.  a It can be good for the course!

[Shaza Ahmad 1682]

Okay that sounds good, but will stocks be exchanged decentralized? And how it will be represented in the Blockchain, we also know Forex stocks are not cryptocurrencies so I am wondering about the mechanism by which the exchanges within the Blockchain will take place.