a form of distributed letter technology and she s looking into ways that can be deployed at the bank or has lurched from crisis to crisis for years and daily needs to win back trust business. we need to do better demonstrate we re looking ahead to attract customers and focus on serving them. than. i would have in the bank is like a big ship that has to change direction and. of course there s an agile little tug in front and that s us we test new things. and if they prove their worth they ll be implemented in the rest of the bank but. crypto and her team are often out and about exploring what it is the bank s customers really need she also confers a lot with dacha banks in london innovation lab. it s headed by john pearce and he tells us how block change can make aspects of banking more efficient it can be used to create smart contracts for cobol program that ensures all terms of
how block change can make aspects of banking more efficient it can be used to create smart contracts for cobol program that ensures all terms of a contract awful filled without any third party involvement. but the technology allows is the immutability of that contract so that you know that it hasn t been tampered with and that you know that what it is executing was pre-agreed with the relevant counter parties that s what it actually offers. bedford knows that block chain is hard to understand for the public at large it s a veritable mystery it s against the i know there s no single block chain. but lots of different applications that function in different ways i deal with this stuff every day but i still spend lots of time at least two hours daily reading white papers to keep track of the various trends within the world. she says it s not