Swift Institute Offers €15,000 to Research Blockchain Technology
The Swift Institute has announced a €15,000 reward for the researcher who brings the best proposal on the blockchain technology’s use in securities markets. The announcement came in a document, titled “Call for Proposals”, where the institute asked researchers to provide their thesis on blockchain’s practical applicability in enterprise-level financial needs. It first recognized the technology for being popular enough to be experimented by financial institutions like Nasdaq, UBS and NYSE; but overall remained suspicious on its ability to handle higher transactions at a particular point of....
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The SWIFT Institute is offering research teams €15,000 to investigate how bitcoin's underlying distributed ledger technology could impact the global securities ecosystem. The institute is a financial services research group backed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which provides a network for global financial institutions to send and receive information about financial transactions. The grant follows the SWIFT Institute's call for information on the risks associated with bitcoin as a digital currency in 2014 and comes amid a broader shift in....
The SWIFT Institute has announced it is launching a new research programme on digital currencies, with a €15,000 grant on offer for the author of the winning proposal. The institute is looking for research on recent developments in digital currencies and cryptocurrencies, but places an emphasis on bitcoin, which it describes as “arguably the most popular” digital currency. “With bitcoin’s increasing usage, virtual currencies are becoming more of a reality. There are bitcoin ATMs in more than 10 countries worldwide, and the currency is increasingly accepted by mainstream retailers,” the....
The global financial industry continues to study the block chain with increasing vigor. The SWIFT Institute, a La Hulpe, Belgium-based financial research organization, is seeking proposals for a pair of research grants on block chain capabilities. Each 15,000 EUR grant is for block chain research, one in securities and the other in intraday liquidity. Proposals must be submitted by Aug. 7. In each case, the institute will pay half of the 15,000 euros immediately and the balance on acceptance of a working paper. The institute will publish each working paper to the global financial industry....
In a significant endorsement of blockchain technology, bitcoin’s underlying innovation, the research arm of the Reserve Bank of India (RBI) – India’s central bank – has tested blockchain solutions for core banking processes in the country. More notably, researchers have determined that blockchain technology has “matured enough” to be the core technology to support the digitization of India’s fiat currency, the rupee. Established by the central bank, the Institute for Development & Research in Banking Technology (IDRBT) is the research arm of the RBI and the foremost banking research....
People’s Bank of China (PBoC) is officially launching a digital currency research institute on Jan. 29, one day after the celebration of the Chinese Lunar New Year. In an interview with a national newspaper China Securities Journal earlier this week, PBoC department of technology director Li Wei revealed the plans of PBoC to actively examine and explore Blockchain technology. Specifically, Wei stated that the central bank of China is interested in the ability of Blockchain technology to settle real-time transactions in a secure, cheap and efficient ecosystem of peer-to-peer users. To test....