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Hyperledger Blockchain Project Grows to 44 Members

Project Continues Rapid Growth with the Addition of Seven New Members Since Last Month Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced today that seven new members have joined to help create an open standard for distributed ledgers for a new generation of transactional applications. By creating an enterprise grade, open source distributed ledger framework and code ... Read More »

90 Central Banks Seek Blockchain Answers at Federal Reserve Event

Major central banks worldwide have spent the past year organizing their own working groups dedicated to exploring blockchain technology and digital currencies. During a three-day event in Washington, DC, hosted by the World Bank, the Intentional Monetary Fund and the US Federal Reserve, representatives from a range of central banks worldwide offered private details about the ongoing work at their respective institutions. At the gathering ... Read More »

Dubai’s Global Blockchain Council Unveils First Pilot Projects

Dubai’s Global Blockchain Council (GBC), a public-private initiative between local businesses, government agencies and startups, unveiled seven new proofs-of-concept at industry conference Keynote 2016 recently. Launched in early 2016, the GBC boasts more than 30 members, and the panel session saw new projects announced by IT giant IBM, telecom operator du and the Dubai Multi Commodities Centre (DMCC), among others. Projects ranged from initiatives aimed ... Read More »

Ping An is a Gateway to China for R3’s Blockchain Consortium

Chinese financial giant Ping An joined the blockchain consortium led by R3CEV. With Ping An joining R3CEV the group added more than just a new member – it effectively integrated with a gateway to the world’s second-largest economy.  With a $90b market cap, the company has 27 subsidiaries across a wide range of industries, including life insurance, banking and securities.  Nevertheless ... Read More »

European Central Bank (ECB) Weighs in on Distributed Ledger Tech

The European Central Bank (ECB) recently published a thorough exploration of the possible use case for distributed ledger technologies (DLTs) to address the recent fervor surrounding fintech in the banking world. Their conclusions are optimistic and familiar, echoing what experts around the world are saying about the future. The bottom line according to ECB: distributed ledger tech won’t solve every problem that ... Read More »

Supply Chain Startup Fluent Raises $1.65 Million in Seed Funding

Fluent, a blockchain startup dedicated to supply chain applications, has raised $1.65m in new seed funding. Fluent, which last year raised roughly $850k from a group of investors that included mass media corporation Thomson Reuters and Silicon Valley VC fund Draper Associates, is one of several startups in the blockchain space today working on supply chain applications. The concept of using ... Read More »

Kompany.com: Innovative Approach in Using Blockchain Concept to Track Company Registration Information

kompany.com is Moving Information on 100 million Companies onto the Blockchain for KYC/KYB At the joint conference of the European Commerce Registers’ Forum (ECRF) and Corporate Registers’ Forum (CRF) in Cardiff, UK, kompany.com announced its development to provide electronic ledgers of original and authoritative company information. By applying a hybrid blockchain to continuously monitor and note changes of official company information (e.g. ... Read More »

Why Financial Incumbents Need to Be Brave on Blockhain

Jeffrey Billingham is vice president in Markit’s processing division and a leader of the Chain Gang, Markit’s group implementing distributed ledger technology. In this opinion piece, Billingham examines the challenge of developing a long-term framework for blockchain in financial services, while advocating the industry needs to be bold in its action to realize its potential. The financial industry began 2016 with a host ... Read More »

Public Sector Information: Delaware to Seek Legal Classification for Blockchain Shares

Delaware is looking to use blockchain technology in a bid to streamline the cost and paperwork burden of registering new companies in the state. In partnership with smart contract-focused startup Symbiont and New York law firm Pillsbury Winthrop Shaw Pittman, the planned system would move the process of registering companies, tracking share movements, and managing shareholder communications into a digital ... Read More »

Blockchain:  Thomson Reuters Exec Believes There Will Be ‘Thousands’ of Uses

Thomson Reuters has made two significant moves in the blockchain sector.  In late March the firm had begun contributing to the Hyperledger project, an open-source blockchain initiative led by the Linux Foundation. The project boasts support from high-profile technology and financial firms as well as a number of blockchain-focused startups, and has attracted significant attention for its bid to bring the tech ... Read More »

Digital Asset Announces Acquisition of Swiss-Based Technology Company Elevence

New acquisition adds complementary technology and significantly bolsters senior development team Digital Asset Holdings (Digital Asset), a developer of distributed ledger technology for the financial services industry, announced that it has acquired Zurich-based Elevence Digital Finance AG (Elevence), a technology firm that has developed an expressive language for financial institutions to model and execute agreements with certainty and finality. This ... Read More »

Dutch Central Bank to Create Prototype Blockchain-Based Currency

The Dutch central bank has committed to developing an internal blockchain prototype dubbed “DNBCoin”, according to a recent publication.  It is a strategy to create a permanent digital replacement for cash. Buried in the latest annual report from the De Nederlandsche Bank, published on 16th March, is a tiny item detailing the experiment.  Elsewhere in the report, DNB posits that blockchain tech ... Read More »

40 Banks Trial Commercial Paper Trading in Latest R3 Blockchain Test

A consortium of financial institutions led by startup R3CEV has completed a trial of five different blockchain solutions. The blockchain concepts tests were presented by Eris Industries, Ethereum, IBM, Intel and Chain, according to reports by Reuters and The Wall Street Journal. Preparations began early last month, culminating with the test during the last two weeks of February. Forty banks took part, drawn from the ... Read More »

Blockchain Technology Summit – New York City May 2 – 4, 2016

CONSENSUS 2016 CoinDesk is proud to present its 2nd annual blockchain technology summit, Consensus 2016, in collaboration with Digital Currency Group (DCG), the blockchain industry’s most active investor, and Coin Center, the industry’s leading public policy research and advocacy center. The multi-day event will define what is “real” in blockchain technology and focus on how to mainstream real-world applications for ... Read More »