U.S. State Department Recommends Development of Blockchain and Distributed Ledgers to International Partners
Last month the U.S. State Department launched the "American Innovation Roadshow" with the Association of Southeast Asian Nations (ASEAN). Senior members of U.S. Secretary of State’s John Kerry's economic team led business delegations from financial investors, U.S. multinational and early stage companies. In two stunning speeches, the State....
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Rabobank has a proven track record of supporting innovative ideas, either through partnerships or investments. Financial institutions have a vested interest in blockchain technology, and that become even clearer when Rabobank announced their partnership with NexusLab. This gives the Dutch bank every opportunity to work with distributed ledgers, and ten startups will partake in their very first Startupbootcamp round. Dutch bank Rabobank has been experimenting with blockchain technology for quite some time, and they are currently focusing on four key areas. International payments,....
A new report undertaken by the Bank of Korea recommends that the central bank monitor developments in the blockchain space and even undertake its own research into the technology. Authored by Dong sup Kim of the bank's Payment Systems Research Team, the paper sets out by introducing cryptocurrencies and distributed ledgers before attempting to predict the future for the technology. Regarding digital currencies, the report does not see these applications of the technology becoming widely used anytime soon. Citing high price volatility, technical complexity, the risk of hacking or the loss....
In April when the Bitcoin community began preparing for Australian Craig Wright’s “Satoshi Nakamoto reveal,” there was another announcement from Down Under that was overlooked. On April 14, Standards Australia, a non-government, not-for-profit standards organization announced that “Australia proposes International Blockchain Standards” and included a proposal for a “new field of technical activity.” This proposal was registered with the International Organization for Standardization (ISO), the world's largest developer of voluntary international standards, and on April 19, The American....
The International Monetary Fund (IMF) has published an article in Finance and Development magazine that examines the case for bitcoin's blockchain technology and suggests that while the technology might have been built to "avoid banks" it could have benefits for the banking and trading sectors. Authored by Andreas Adriano, a senior communications officer in the IMF’s communications department, and Hunter Monroe, a senior economist in the IMF’s monetary and capital markets department, the piece, titled "The Internet of Trust" provides an overview of bitcoin's history,....
In the beginning, there was 'bitcoin', and it was good. But, bitcoin would end up bearing a nomenclature fruit salad that tests mortal comprehension. Perhaps, that is the natural way of things. As a new technology develops, the number of people exposed to that new technology increases, and the language used to describe the new technology evolves. Initially, the language was limited to bitcoin. Now a person is liable to see any of the following words or phrases that theoretically all mean different things: bitcoin, Bitcoin, block chain, blockchain, Blockchain, private blockchain, public....