There is plenty of commerical activity happening in the blockchain space...
According to a survey by the IBM Institute for Business Value and the Economist Intelligence Unit, one in seven companies it calls “trailblazers” expect to have blockchains in production and at commercial scale in 2017. Respondents were interested in taking advantage of the blockchain’s multiple benefits, which include cost reduction, immutability of records, transparency of transactions and the potential to create new business models. For example, the blockchain would eliminate the need for keeping multiple records at banks and other parties doing currency trades. The survey tracked responses of 200 global financial markets institutions.
The survey also said “trailblazers” were focusing their efforts on the following business areas: clearing and settlements, wholesale payments, equity and debt issuance and reference data. The report added that in recent years, financial institutions have “swarmed to blockchain pilots and proofs of concept” — opening innovation labs, holding hackathons, partnering with financial technology startups, joining consortia and collaborating with regulators.
Read full article http://knowledge.wharton.upenn.edu/article/blockchain-next-great-hope-hype/
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