Blockchain startups must understand requirements of investment banking
As blockchain technology continues to draw admirers from the banking sector, so is the demand that the startups based on the technology be willing to study the demands of the sector and work upon it. The latest to speak on the issue is Dr Lee Braine of the Investment Bank CTO Office at Barclays. Talking toibtimes.co.uk he said that "I think if we are able, over time, to help encourage the ecosystem to come up with open standards, open ways of interfacing across those layers, this will help move on the industry." He also endorsed the blockchain technology when he said that the basic thought....
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The more people understand the blockchain, the more we will see a proliferation of useful cases for it. Just like any technology, those who invent it have not necessarily thought of all of its applications, which is why I believe that the best use cases are yet to come from a growing number of entrepreneurs and subject-matter experts that have deep expertise in a particular field or domain. But, the first step is to have a fundamental understanding of how blockchain technology is different from what we are currently doing today. Almost everything in life is about taking evolutionary steps.....
Banking sector creates hundreds of job openings for experts in blockchain technology. There is no escape from the blockchain revolution. Banks and mainstream IT companies have realized it and they are making preparations to face the new wave. According to reports, companies have stepped up the recruitment process for blockchain technology related job positions. Online job portals are flooded with requirements from most of the leading banking, financial and technology firms. Surprisingly, most of the requirements are for newly created job profiles which were unheard of until now. With some....
Blockchain providers are the center of attention these days, and Chain Inc. has released their Chain Open Standard 1. This initiative is an open source blockchain protocol developed by the provider itself, as well as several startups and financial services companies in the world. The primary goal of the Chain Open Standard 1 is to allow for high-scale....
Nearly every day, U. S. financial institutions announce projects to better understand the blockchain, often partnering with technology startups. It would be a mistake to think their Japanese counterparts are far behind. Nomura Research Institute (NRI), a Tokyo, Japan-based provider of consulting services and system solutions, will develop a proof of concept (PoC) for implementing blockchain technology with banking in collaboration with SBI Sumishin Net Bank, Ltd., also Tokyo-based. Assisting them on the technology front is Dragonfly Fintech Pte. Ltd., a Singapore-based fintech technology....
As investment in FinTech continues to rise, investors are becoming more selective in doling out money to startups, including those focused on bitcoin and blockchain. "There’s an increasing realization that [FinTech] is a specialized sector," said Jalak Jobanputra, founding partner of Future Perfect Ventures. "It's the realization that a lot of this does take extra time and the regulatory landscape is uncertain, and you need to invest in companies and entrepreneurs that understand that and have expertise and patience." The hesitancy is....