This is a very logical way to get it done by having a group or a leading bank shape an alliance, alternative is that a super connected and respected industry veteran makes this happen. let's see what will be most effective?
UBS wants to build an industry alliance around a "utility settlement coin" that could catapult blockchain – the technology behind bitcoin – into the financial mainstream. THIS CONTENT IS FREE TO READ FOR A LIMITED TIME ONLY. SUBSCRIBE NOW To get exclusive access to breaking news, analysis and comment on the wholesale financial industry. The workings behind UBS's smart bond platform The initiative, in the concept stage, is being led by the Swiss bank’s new cryptocurrency lab in London. The coin would be used to settle transactions carried out on financial platforms based on blockchain technology. The digital token would be directly linked to real-world currencies and connected to central bank accounts, meaning that an institution spending the coin would be spending real-world money.