Goldman Sachs Wants a Wall Street Built on Blockchain As Crypto Crashes

Posted on

1. Goldman Sachs

Goldman Sachs is a global investment banking firm founded in 1869. In 2017, they were ranked 11 on Forbes list of America’s Most Powerful Companies. Their business model focuses on three core services: Investment Banking (M&A advisory), Global Transaction Services (clearing, execution, and financing) and Asset Management.

2. Bitcoin

Bitcoin was invented by Satoshi Nakamoto in 2008. He published his invention as open-source software and did not seek financial gain from its creation. Bitcoins are peer-to-peer digital currency without a central bank or single administrator. Transactions are verified by network nodes called miners, who use specialized hardware to solve complex math equations and place their results into the blockchain.

3. Ethereum

Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third party interference. It uses “smart contracts” that automatically execute the terms of a contract between two parties upon meeting a certain criteria.

4. Ripple

Ripple is a distributed computing technology designed to provide secure instant payment transactions around the world. It is an open-source project led by David Schwartz, Stefan Thomas, and Chris Larsen.

5. Stellar

Stellar is a distributed payments network and operating system. It enables individuals and businesses to send money across borders using cryptocurrency.

6. Blockstream

Blockstream is a bitcoin company based in San Francisco. Its mission is to make bitcoin faster, cheaper, and more scalable.

7. Chaincode Labs

Chaincode Labs is a venture capital-backed startup building enterprise-grade blockchains and smart contract platforms.