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still pending by the looks, I guess it makes sense that there...

  1. 1,608 Posts.
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    still pending by the looks, I guess it makes sense that there would be many similar patent applications pending as this is the future of banking and all banks will need to overcome these hurdles and challenges of compliance and transition and blockchain tech will likely be a key part of this change.

    It is a massive market with absolutely huge monetary gains for those who succeed in getting their tech adopted by the banks, this would be the holy grail for upcoming developers and existing blockchain techs.

    The advantage here is the board has deep connections and we are already being used by one of the biggest global banks, HSBC (who have extended their contract and will look to roll it out throughout Asia) this is validation of the product and gives weight to our team when they present to other banks as opposed to these other techs that may not have had such big usage or proof of product/concept.
    partnership with symphony is just further support for our tech, if they find they like the tech and all those banks associated with symphony are pushed in the direction of our tech surely they will give that priority over some other tech they have never heard of or been exposed too.

    Just my opinion and happy to hold here as this plays out, will add more to my holdings as they announce more partnerships and if it looks like adoption is picking up, as this will be key to their growth.

    There will be a time when all the banks globally will realise they will need to switch to the new ISO and open banking regime and that this will take years likely to implement, when they decide to switch over having the right connections and validations will be more vital than having a patent IMO.


    https://hotcopper.com.au/data/attachments/1866/1866244-47c78a921f3504bdd8b6d95da1ff35f0.jpg
    https://hotcopper.com.au/data/attachments/1866/1866253-e7116ac5131acb75bfcbe3947f67821b.jpghttps://hotcopper.com.au/data/attachments/1866/1866247-35d1cd60df9ea25aa2d9dacb54438a67.jpg
    https://hotcopper.com.au/data/attachments/1866/1866250-3c8a1901c06dc4c987e1f3d569140df1.jpg




    Last edited by ThePennyChemist: 04/12/19
 
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