This is mostly a very flashy and shallow, albeit quite neat, primer on the function and possible applications of blockchain technology. The impressive thing here is not how well the bear dances, but that the bear dances at all. I’m much more interested in who’s doing the talking here: a most traditional of financial institutions.
It’s a transformation that’s already begun. And organizations—both the ones that it can help, and the middlemen at risk of disintermediation —will need to be prepared as the technology matures.
They seem quite bullish, to boot.