Monday, June 26, 2017

UK Government Experimenting with Blockchain for Welfare Claimants

The BBC reported today that the UK government has quietly begun looking into the use of blockchain technology, with a trial of the payment of 24 welfare claimants over a six month period. Previously...

Reserve Bank of India Analyzes Blockchain

Two years after the Reserve Bank of India voiced concerns about virtual currencies, including Bitcoins,  the bank’s Deputy Governor H R Khan has now informed that there will soon be a team set up...

Eris Calls for EEA Option to De-Risk Brexit

UK-based blockchain firm Eris Industries has called for supporting the EEA Option to mitigate risks brought on by the country's vote to leave the European Union . Eris' COO and General Counsel Preston Byrne writes that the Brexit vote...

Indian Banks Look at Blockchain Tech to Eliminate Back Office

Blockchain technology has become the focus of attention of some of the world's largest financial institutions with Indian banks being no exception. Banks such as Axis Bank Ltd. are vigorously looking at blockchain technology to...

SWIFT Research Paper Concludes Permissioned Ledger Only Blockchain for Securities Settlement

Two prominent blockchain tech researchers, Michael Mainelli and Alistair Milne, have produced a working paper for the SWIFT Institute on the potential impact of blockchain technology on the securities industry. Mainelli is the leader of...

Asian Blockchain Interest Rises as Major Banks, FIs Look to Boost Efficiency, Cut Costs

Blockchain technology gains momentum in Asia as major financial services firms are exploring the tech in hopes to gain in efficiency and cut costs. In Asia, Japanese banks and financial services firms have been undeniably...

Delaware Governor Highlights States Blockchain Initiative with Symbiont

The Governor of the US State of Delaware, Jack Markell, this week revealed an initiative by the State to encourage use of blockchain and smart contract technology to help the public and enterprises lower transactional costs, speed up and automate manual...

Why Insurance Needs Distributed Ledgers

The insurance industry is in a state of disruption. Customers are becoming frustrated with some elements of their interactions with insurance. They find that the product innovation doesn’t keep up with the digital landscape, which...

Russia’s Central Securities Depository Trials NXT Blockchain-Based E-Proxy Voting Prototype

Russia’s National Settlement Depository (NSD), the country’s sole central securities depository, has tested a blockchain-based e-proxy voting system using the NXT blockchain platform. The NSD provides settlement services for government bonds, municipal bonds and corporate...

IBM Debuts Blockchain Cloud & Bluemix Services for Financial, Government, Healthcare Sectors

IBM today revealed a new framework for securely operating blockchain networks, as well as new services on the IBM Cloud that are designed to meet existing regulatory and security requirements. The US-based global technology giant indicates that, after...