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Large Banks Pile into Blockchain Trading Platform Project

Large, multinational banks are partnering together to build a new global trade finance platform using Blockchain technology. According to a report in Global Trade Review (GTR), Commerzbank, Bank of Montreal, Erste Group and CaixaBank are joining a project underway by UBS and IBM dubbed Batavia in an expansion of a proof of concept that IBM and UBS launched at Sibos ... Read More »

MAS and ABS Lead Consortium to Harness Blockchain Technology for more Efficient Inter-bank Payments

Singapore Central Bank Reveals 3 New Blockchain Payments Prototypes The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that the consortium which they are leading has successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms. The project, conducted together with 11 financial institutions and ... Read More »

IBM Ventures Is Close to Making Its First Industry Investment

The venture arm of one of the most recognizable names in the tech industry hasn’t yet put its money where its mouth is on blockchain – but that may be about to change. While global tech giant IBM has so far focused mostly on investing employee time and energy into the emerging technology, it’s only just now gearing up to take an ... Read More »

Creditinfo Announces newly Integrated Identity Management System Technology at Creditinfo Global Forum

ShoCard, a leading blockchain-based identity management system (IMS), together with Creditinfo, a leading service provider for credit information and risk management solutions worldwide, today announce the ShoCard IMS’s integration into the new Creditinfo app. The app enables individuals to claim their identity and obtain personal credit information that can be shared with any third party, as well as be independently verified ... Read More »

Blockchain: The Quiet Revolution for Next Generation SME Businesses

Blockchain is, slowly but surely, reaching corporate consciousness. As the Harvard Business Review has put it, blockchain is a “quiet revolution.” Finance professionals must now compete on a new stage.  First used with bitcoin in 2008, it has gradually grown in use as the technological underpinning of cryptocurrency. However, whilst interest in bitcoin has waned, blockchain has found more and ... Read More »

Blockchain: Thoughts on Blockchain Technology

This article is designed as an introduction to blockchain technology and assumes minimal technical knowledge.    Some common misconceptions:  People use the term ‘blockchain technology’ to mean different things, and it can be confusing.  Sometimes they are talking about The Bitcoin Blockchain, sometimes it’s The Ethereum Blockchain, sometimes it’s other virtual currencies or digital tokens, sometimes it’s smart contracts.  Most ... Read More »

Blockchain:  Distributing Time-sensitive Information via Blockchain

Patent Application Reveals Nasdaq Planning Blockchain-Powered Data System.  Nasdaq is seeking to patent a system for securely distributing time-sensitive information via a blockchain. The U.S. Patent and Trademark Office (USPTO) released the patent application – entitled “Systems and Methods for Securing and Disseminating Time Sensitive Information Using a Blockchain” – on August 3, though it was initially submitted in late January of ... Read More »

World Economic Forum Publishes Blockchain Governance Taxonomy

The World Economic Forum may have a solution to blockchain governance, one that could boost usability and access. In its latest paper, titled “Realizing the Potential of Blockchain”, the organization proposes a framework to distribute “stewardship” of the technology, tasking stakeholders with ensuring that development benefits a broad base. This could be established, the paper argues, through a global, distributed ... Read More »

Singapore Central Bank’s Blockchain R&D

The Monetary Authority of Singapore has revealed a three-step plan to connect the world’s central banks via distributed ledger technology. The two-phase effort called “Project Ubin” would see global central banks settling cross-border transactions in real time via a blockchain. Unlike the current system, where only high-value or institutionally crucial transactions are settled in real time, Project Ubin is being designed ... Read More »

Alibaba Turns to Blockchain in Fight Against Food Fraud

Alibaba has teamed up with PwC to develop a system to reduce food fraud using blockchain tech. The Alibaba Australia project, which also includes AusPost and nutritional supplement maker Blackmores as partners, is aimed to improve the way foods are tracked, cutting down on the risk of counterfeit products on the market. The so-called ‘Food Trust Framework’ effort will see the partners build ... Read More »

JPMorgan Formally Quits R3

JPMorgan Chase has formally exited blockchain consortium R3, following in the footsteps of fellow titans Goldman Sachs and Banco Santander who split last November. JPMorgan was one of nine original members of R3, which has since seen its ranks swell to more than 70 of the financial services industry’s biggest players. The departure comes as R3 continues to pursue fundraising ... Read More »

IBM Launches Blockchain Supply Chain for Chinese Pharma Retail

IBM is firmly solidifying its proactive lead as a blockchain solutions provider with another launch of a blockchain platform in China, this time in the pharmaceutical retail sector. Developed in partnership between IBM and Chinese supply chain management firm Hejia, the Yijian Blockchain Technology Application System was launched this week with the aim to improve the operational efficiencies of supply ... Read More »