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Fintech advocates see Vietnam as a potential future hub of blockchain based technology despite messy government regulatory framework. Blockchain Provides Potential for Growth The Vietnamese economy has grown by leaps and bounds in the last three decades becoming what the world bank describes as resilient and looking at 6.7%...
Blockchain technology has been enjoying the limelight these days, mostly due to the collaborative project by several major global banks exploring the use of the distributed public ledger in finance. While several industry players are racing to come up with a workable method to run these applications, UK...
In an opinion post published on Pymnts.com, Market Platform Dynamics CEO Karen Webster takes a closer look at the ongoing hype about blockchain to explain why it isn’t exactly ‘just like the internet’ yet. Blockchain refers to the distributed public ledger of bitcoin transactions, stored and verified by...
A few weeks ago, nine large global banks announced their plans to embark on an industry-wide blockchain tech development project. These include the likes of JPMorgan, Goldman Sachs, Barclays, Commonwealth Bank of Australia, Credit Suisse, and UBS. These banks are now joined by thirteen more well-known institutions, namely...
Earlier this month, UBS announced that it is in the process of creating a “settlement coin” that can be used for financial transactions. Is this yet another form of altcoin and will it rival bitcoin? The bank plans on using blockchain technology to create this settlement coin but...
Blockstack, formerly known as CryptoCorp, is seeking to provide custom blockchain technology solutions to companies in Wall Street. The underlying technology behind bitcoin has been gaining more and more attention these days, particularly from financial firms seeking to explore its practical applications. Several banks are already tapping into...
Blockchain technology has garnered a lot of attention in the financial world, as the decentralized public ledger could transform the way the industry keeps records or handles transactions. Several banks all over the world are trying to explore the applications of blockchain technology in their internal operations while...
itBit disclosed further details on its Bankchain Project, citing that it will be based on the distributed ledger concept but will not use bitcoin. This project aims to create a private consensus-based ledger for applications to be used in the financial industry. More and more banks and financial...
Trust in the financial industry has weakened since the worst of the global recession in 2008 and again during the Greek debt crisis. For some experts, the current system is no longer appropriate and there may be a need to explore new technologies like the blockchain when it...
Now that blockchain technology has been gaining more traction in terms of its practical applications, many experts have already commented on how it could transform the financial industry. Former JPMorgan executive Blythe Masters, who is now the CEO of blockchain technology firm Digital Asset Holdings, said that this...
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