Thursday, July 27, 2017

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...

Tendermint CEO on Powering Blockchains with Speed, Security, Scalability

Tendermint is an open source, blockchain & language agnostic socket protocol that facilitates distributed application deployment. In particular, banks could run a Tendermint enabled ledger with publicly identified validators for fast settlement of transactions. I had...

Mizuho Bank, Fujitsu Trial OAP Blockchain System for Cross-Border Securities Transactions

Mizuho Bank, Fujitsu, and Fujitsu Laboratories today announced that they have jointly conducted a trial using blockchain technology to reduce the processing time for cross-border securities transactions, from the current three days to same-day settlement. The test...

JPMorgan Introduces “Juno” Blockchain Prototype with Lower Latency, Higher Throughput

JPMorgan on Friday revealed its own blockchain technology prototype at the technical steering committee meeting of the open source Hyperledger Project, according to a CoinDesk scoop. JPMorgan executive director David Voell introduced the "Juno Digital Cryptoledger"...

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...

Eris Plays Major Role in R3’s Latest Blockchain Test with 40 Global Banks

Eris Industries, a blockchain distributed applications developer, played a major role in R3's experiment with forty banking giants. The Eris Platform and tools were tested by all 40 banks on different blockchains, including a fully-permissionable ErisDB (eris:db)...

40 Major Banks Test Rival Blockchain Techs of Chain, Eris, Ethereum, IBM, Intel

Forty major global banks tested the blockchain technologies of various technology providers in the second experiment conducted by R3 CEV, according to reports in the Wall Street Journal and the New York Times. Bank of America, Citi,...

Digital Asset Recruits Investment Banking Luminary to Board

Digital Asset Holdings, a venture-backed blockchain technology developer for the financial services industry, has recruited investment banking veteran and entrepreneur Sallie Krawcheck to joint its board of directors. Krawcheck is currently CEO and co-founder of Ellevest, a digital investment platform for women...

Global Securities Industry Group Survey Finds 55% of Firms Engaging in Blockchain Tech R&D

The International Securities Association for Institutional Trade Communication (ISITC) revealed Tuesday results of its annual member survey of global financial industry plans for 2016. The industry group's research found that 62% of firms see investment in technology as a top...