Major US Law Firm Highlights Blockchain Revolution in Financial Services

White & Case, the ninth-largest law firm in the United States as of 2015, highlights the advent of blockchain technology in financial services in a recent report. Two lawyers in the firm, Kevin Petrasic and...

How Transactions Are Validated on a Distributed Ledger

(A special thanks to Simon Taylor who was instrumental in much of my thinking through conversations we had around this topic. His input was invaluable) This post will explore how transactions will be validated using...

The Bank of England Looks to Implement Own Cryptocurrency – RSCoin

A report from the MIT Technological Review has revealed a new type of cryptocurrency that is being developed on behalf of the Bank of England. Two researchers from UCL, Sarah Meiklejohn and George Danezis, have...

Germany’s Financial Authority Sees Blockchain as Potential “New Standard” in Financial Markets

In a report this week, Germany's Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), highlights the potential introduction of distributed ledger technology, also known as blockchain technology, in the financial industry. Known by its abbreviation BaFin, the...

Bank of Russia Investigates Potential of Implementing Blockchain Technology

The Bank of Russia has announced that it is to look into the possibilities of implementing new financial technology to its services. To investigate the potential, the central bank has established a working group for...

Australia’s Central Bank Foresees Possibility of Digital Aussie Dollar

Tony Richards, the Head of Payments Policy Department of the Reserve Bank of Australia (RBA), told a payment conference in Sydney this week that the advent of a digital national currency is a possibility. Richards stated: "Let...

Dubai Gov Incubator Creates Blockchain Council, Plans Projects for Commodities, Kraken Bitcoin Exchange

The Dubai Museum of the Future Foundation, a government incubator of innovative technologies, says that it is establishing a Global Blockchain Council to explore current and future applications of blockchain technology. The council will examine the implications of the technology on...

China’s Central Bank Governor Says Digital Currencies Will Replace Cash, Regulated as Legal Tender

The governor of the People's Bank of China, Zhou Xiaochuan, said in an interview that digital currencies will inevitably replace cash, but they will be regulated if used as legal tender. Zhou noted that the...