R3 CEV: 40 Major Banks Just Tested the Blockchain
R3 CEV has announced that over 40 of the world’s biggest banks have recently experimented with five blockchain pilots that tested smart contracts and arbitrary business commands. Technology groups from these legacy banks considered these various distributed ledgers after viewing a previous test with the Ethereum blockchain connecting 11 lenders on the....
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According to an IBM survey that gathered insights from 200 global banks, 15% of those banks could be running blockchain solutions as early as 2017. While 2016 is the year that has – already – seen blockchain prototypes tested and trialed, 2017 will be the year banks start putting blockchain solutions into implementation, according to a new IBM study. “Hurtling” Toward Blockchain. Released today, the study, “Leading the Pack in Blockchain Banking: Trailblazers Set the Pace”, conducted by IBM Institute for Business Value, summed up the interest in blockchain among the 200 banks it surveyed,....
A survey conducted by professional services firm Accenture has revealed that nine out of 10 major U.S., Canadian and European banks are currently exploring blockchain technology in the field of payments. The survey, titled ‘Blockchain Technology: How banks are building a real-time global payment network’ [PDF] canvassed the opinions of 32 of the top commercial banking professionals in the banking industry. Notably, the transformational potential of blockchain technology in the payments space was under the spotlight. Executives participating in the survey included those from 11 of the top....
The new project saw forty major banks to verify a system for the trading of fixed income using blockchain technology. Several dozen banks and other financial institutions are focusing their attention on incorporating distributed ledger technology in their existing infrastructure. While there are several different ways to use the blockchain for economic needs, one of the first projects to be thoroughly tested comes in the form of bond trading using distributed ledgers. This concept will be an interesting test for the capabilities of R3 CEV as a blockchain consortium. Many people have been....
Several major Japanese banks, in partnership with bitcoin exchange bitFlyer and Deloitte Japan, have published the first results of a blockchain interbank payments trial. The Blockchain Study Group, which includes Mizuho Financial Group, Inc., Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Financial Group, Inc., have spent the last year collaboratively testing the technology for uses in bank-to-bank payments. The results of the specific trial disclosed today relate to the issuance of payments. According to the institutions involved, future testing will be widened to include the....
The Reserve Bank of India has successfully tested blockchain technology for trade application. The evaluation was carried out in partnership with MonetaGo, domestic banks and other financial institutions. The Indian central bank recently tested Bitcoin’s underlying blockchain technology. The Reserve Bank of India’s research arm is said to be involved in its first ever end-to-end test of the technology along with other stakeholders of the country’s financial system. Institute for Development and Research in Banking Technology (IDRBT), the Reserve Bank’s research arm has worked closely with....