van Van Os , the director of ABN Amro 's innovation centre , has lauded blockchain technology in a blog posted on bank official"s " . According to van Os , the blockchain has a significant number of potential benefits including tremendous speed and a low transaction cost that is capable of changing the financial system . In addition to these uses , it"s practically impossible to hack the blockchain owing to the decentralized and distributed nature of the technology . In the post , van Os does not mention Bitcoin at all , indicating his lack of interest in it , when compared with the internet .
Arjan Van Os, the head of ABN Amro's innovation centre, has lauded blockchain technology in a blog posted on bank official"s website. According to Van Os, the blockchain has a significant number of potential benefits including tremendous speed and a low transaction cost that is capable of transforming the financial system. In addition to these uses, it"s practically impossible to hack the blockchain owing to the decentralized and distributed nature of the technology. In the post, Van Os does not mention Bitcoin at all, indicating his lack of interest in it, when compared with the blockchain.