Companies Looking for Alternative to Bitcoin

IBM, Wells Fargo and the London Stock Exchange Group along with 
several other major companies aligned with the Linus Foundation on Thursday to create an 
alternative to the blockchain, an online spreadsheet that supports the bitcoin currency and its 
transactions.

New York Times reporter Nathaniel Popper said it’s the blockchain technology that’s got other interested.

Bitcoins

“The blockchain is what allows for bitcoin to move around different users of the system. It’s increasingly thought of as the most 
valuable part of bitcoin. This is the part of the bitcoin exchange technology that Wall Street is getting excited about, that central banks are getting really excited about. It’s a new type of financial network,” he said.

Popper, the author of “Digital Gold: Bitcoin and the Inside Story 
of the Misfits and Millionaires Trying to Reinvent Money,” said 
that on the blockchain, bitcoin currency trading appears as a digital entry, and companies are seeing that other items can be written down as 
entries.

Read More @ http://www.marketplace.org/2015/12/18/tech/technology-financial-companies-bitcoin-alternative

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