EU Research Team Predicts Benefits of The Blockchain
The European Union financial regulatory agency, European Securities and Markets Authority (ESMA), has predicted that an increased use of distributed ledgers — including the blockchain — could improve the verification of clearinghouse and other transactions. ESMA Experiments with the Blockchain. ESMA launched a consultation team to investigate the matter....
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PricewaterhouseCoopers (PwC), the world’s largest professional services firm, has recruited 15 leading technology specialists to explore the application and commercialization of the Bitcoin blockchain technology. The blockchain research team will collaborate with PwC’s Belfast office and is expected to grow to more than 40 technological specialists throughout 2016. The London-based corporation stated that they have decided to look into Bitcoin and its underlying technology, the blockchain technology, due to the growing demand of their clients and investors. With the help of the blockchain....
London-based blockchain startups are beginning to change their view on the entire entrepreneurial environment of the country after Brexit. On July 8, the Outlier Ventures (OV) research team published a detailed report based on their blockchain angels startup tracker to expound on the development of the United Kingdom’s blockchain startups and how quickly London became the major center of open ledger and financial technology startups. According to the OV research team, the UK accommodates over 16.7% of the world’s blockchain startup due to its friendly policies. Despite being behind the....
The worldwide blockchain technology market is forecast to reach $7.74 billion by 2024, with the financial services sector accounting for the majority of the future market growth, predicts a new report. “Blockchain technology is one of the most promising upcoming technological trends in the information technology domain,” according to Grand View Research, a San Francisco-based market research and forecasting company which authored the report. The report predicts continued growth in the U.S. and Canadian markets (40.9 percent of the market). Meanwhile, China and India will see a compound....
Visa has, in a job posting, revealed that it is looking to hire a senior software engineer to be a part of its research team to help develop a “secure and scalable blockchain” network. The job posting comes via a posting by Visa Research, a newly created arm of the payments company as a part of exploring new innovation and expanding its technology research globally. The job entails research and development work in the arena of emerging payments, blockchain, virtual currencies and other emerging payment technologies. Visa Research is putting together research teams to focus on three “key....
Blockchain technology is expected to change the way financial organizations conduct business with banks implementing distributed ledger technology (DLT) projects by 2017, according to the World Economic Forum. After 12 months of research which saw the WEF engage over 200 industry leaders and subject matter experts through interviews and multi-stakeholder workshops, the organization compiled a 130-page report on the impact distributed ledger technology (DLT), also known as blockchain, will have on the financial infrastructure’s future. WEF’s ‘The Future of Financial Infrastructure’ report....