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Blockchain DApps

British MPs Cite “Blockchain Banks” Rise in Opposing Integration of BoE Regulatory Subsidiary

Opposition British Members of Parliament have pressed for removal of a clause in the Bank of England and Financial Services Bill that integrates the Prudential Regulation Authority into the Bank of England as a committee. The opposition MPs believe the clause, Clause 12, demotes and undermines the independence of the...
Blockchain DApps

Goldman Sachs Tech Head Sees Blockchain as Solution for Banking Back Office

Goldman Sachs co-head of technology, Don Duet, recently discussed the applicability of blockchain technology for banking y in a podcast from the investment bank titled “The Digitization of Finance.” Duet discusses the idea of implementing blockchains for bank back office infrastructure: The ability to have a technological solution that enables multiple counterparts to see and enact upon...
Blockchain DAppsBlogEquities/Derivatives

Where’s China in Global Blockchain Movement? Starting a Digital Currency

One question at a Hong Kong blockchain conference yesterday shook up perspectives of R3's ambitious plan with 42 major banks to develop blockchain technology for the global financial sector. The questions was simply "Where is China?". The conference was Fintech Worldwide's "Blockchain Conference in Hong Kong", co-produced with international law firm Simmons &...
PaymentRipple

Earthport Debuts Distributed Ledger Hub Facilitating Ripple Connections Between Banks

UK-based cross-border payment network Earthport announced on Tuesday the launch of the Distributed Ledger Hub (DLH), an API facilitating banks’ connection to the Ripple distributed ledger platform. The DLH is a service accessed through Earthport’s Distributed Ledger Gateway, launched in August of 2015, that will provide connectivity with Ripple, including private Ripple instances, Ripple market...
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HSBC Says Blockchain Technology Could Assist With Economic Stimulation

HSBC, the British banking and financial services institution, has been reported as saying that central banks like the Federal Reserve and Bank of England could utilize a blockchain to distribute money directly to the public in an effort to stimulate economic growth, , according to a document obtained by Business Insider.  This is...
BitcoinBlockchain DApps

BBVA Bank: “Question Isn’t If, But When” Blockchain Tech Disrupts the Entire Financial System

Blockchain technology, the technology behind bitcoin and other cryptocurrencies, will likely replace the current centralized financial system, according to the latest report from BBVA Compass economists. The bank's economists say that, while interest in bitcoin has evened out, blockchain tech is drawing more attention because of its ability to safely conduct...
BitcoinBlockchain DAppsEthereumRipple

Spanish Banking Giant Santander Sees Blockchain Tech Cutting Banking Costs $15-20B Yearly

Santander InnoVentures, the venture funding unit of Spanish banking giant Santander Group, recently released a paper called Fintech 2.0, promoting technological innovations that will reinvent financial services. The authors of the paper believe that the combination of the Internet of Things, distributed ledgers - essentially blockchains - and smart contracts will...
BitcoinBlockchain DAppsBlogCounterpartyEthereum

Counterparty Surpasses 200K Trans, Explains Crowdfunding Role, Ethereum Contracts, Symbiont’s Future

In its latest community update, Bitcoin 2.0 financial protocol Counterparty revealed news about its foundation voting, developer-level specification, new community videos, and a new version of developer application Counterblock. More interesting, Counterparty highlighted that co-founder Robby Dermody participated in an extensive interview on podcast show Epicenter Bitcoin, where Dermody discussed Counteryparty's growing crowdfunding role,...
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