• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
UBS and Barclays Experimenting with Ethereum Platform. Newsbtc Cryptocurrency news.
Sensei Inu Logo

UBS and Barclays Experimenting with Ethereum Platform

newsbtc by newsbtc
8 years ago
in Uncategorized
Reading Time: 2 mins read

Following the launch of Ethereum Project’s Frontier developer release, UBS and Barclays have started experimenting with the open-source distributed computing platform. This network provides an incentive called ether, which is similar to bitcoin.

A source from Barclays told IBTimes that they are front-runners in exploring this kind of technology, as very few individuals are aware of how this could transform the banking industry. “You are talking about 100 or 200 people that are building stuff with this and some of them are from banks,” the source said. “It’s the beginning. It’s not even the end of the beginning. It’s the beginning of the beginning.”

Uses of Ethereum

For now, the bank is looking into how this technology can be applied in creating investment efficiency or for social good. The source confirmed that there are “pockets of innovation” in labs and accelerators, but that there are some challenges to using Ethereum.

For one, the platform is difficult to debut, most likely because the initial release is intended for developers rather than the general audience. He added that next generation ledger technologies can be tested as “shadows” alongside existing systems.

Ethereum is reportedly working on its next release which might be more catered to banking applications. According to communications officer Ken Kappler, the platform was “the only game in town for banks looking to build blockchains”. As it is, other banks in different parts of the globe are working with various blockchain startups in order to see how the distributed ledger can be used in their internal operations.

“There are several groups not directly affiliated with Ethereum investigating such a thing,” commented a spokesperson of Ethereum. However, many say that this system mostly hinges on whether banks are willing to work together or not, as a larger network could prove to be more reliable with a distributed ledger.

Tags: blockchain technologyethereum frontierethereum platformNewsUBS and Barclays
Tweet123Share196ShareSend
newsbtc

newsbtc

Related Posts

Bitcoin and Ethereum

Will Ethereum Flip Bitcoin? Crypto Analyst Explains How

23 mins ago
Bitcoin HODLers Not Selling, Will Number Break Record Highs?

Is Bitcoin’s Bottom In Sight? Expert Analysis Says Yes

1 hour ago
Crypto

Crypto Crisis Imminent, Warns Bloomberg’s Mike McGlone, Despite Bitcoin’s Surge To $28,000

2 hours ago
Ripple XRP SEC

Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

3 hours ago
‘Uptober’ Hopes Fuel Bitcoin Price Rally, Bitcoin Minetrix Presale Nears $350,000

‘Uptober’ Hopes Fuel Bitcoin Price Rally, Bitcoin Minetrix Presale Nears $350,000

4 hours ago
Bitcoin Bear

Bitcoin MPI Forms Death Cross, End of The Rally?

4 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • The Next Bull Run Is Approaching, Follow The Smart Money...

    10 hours ago
  • Index CFDs: Experts Have Conducted A Comprehensive Study In...

    12 hours ago
  • Unbelievable: Tradecurve (TCRV) Skyrockets, Leaving...

    14 hours ago
  • Microsoft’s AI Reveals the Holy Trinity of Profit...

    14 hours ago
  • Investing in Trading 212: Is the Risk Worth the Reward?

    3 days ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.