Big banks invest in the Blockchain for a more transparent financial system

As reported by Lucinda Shen on Fortune, nine global banking giants, including Citigroup and Barclays, have decided to invest in an App Store (still being tested) for Blockchain-based programs.
In the past, Wall Street banks have yet tried to apply the distributed ledger technology to solve problems such as compliance with anti-money laundering regulations, the simplification of financial transactions and the use of personal data.
The platform is called LedgerConnect and it could be launched definitively in 2019 after the “green light” by central banks and the Federal Reserve Bank of New York. In the meantime, all investors and stakeholders will have to adapt each other their standards.