Wall Street Determinedly Bullish on Bitcoin & Blockchain Technology
For people active in the Bitcoin ecosystem, some days appear as if they were taken out of a telenovela at certain times. One of the recent topics of heavy debate is whether or not the Bitcoin block size should be increased, and if so, in what capacity. Additionally, there is still the mystery surrounding the creator of Bitcoin, who goes by the name of....
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Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
Wall Street has been keeping a close eye on the evolution of distributed ledger technology in recent years. The Wall Street Blockchain Alliance, launched in 2015, announced a certification program. The primary goal is attracting Distributed Ledger Technology developers. Education is an important aspect of blockchain technology. While the possibilities of....
The Wall Street companies may soon start using blockchain technology based services provided by DTCC. Blockchain technology in banking and fintech is not a new thing. The sector has been working on implementing the distributed ledger technology into its operations for more than a year now. As they make progress, the Wall Street clearinghouse has decided to hop on the bandwagon by adopting blockchain technology. According to reports, Depository Trust and Clearing Corporation – DTCC has announced its intentions to start using Blockchain technology on a trial basis. DTCC is a leading firm....
27 years on Wall Street to Bitcoin. An increasingly common evolution for former Wall Street executives. Blythe Masters was one of the most publicized to leave Wall Street to explore digital currency and blockchain technology. If her history at JP Morgan is any sign, she might be exactly the right person to fight in favor of blockchain technology. In a recent blog post at Ounce.me called, “Blythe, Master Of The Financial-Verse,” the history of Blythe Masters is detailed. As she built JP Morgan’s commodities arm, she once said her division’s competitors are “scared shitless of us” and said....
The chief executive of the Wall Street clearing house, set to transfer to Blockchain technology, has spoken of how the future of Wall Street could be very different. Quoted by the local press, Michael C. Bodson stated that the collaborative project with IBM to replace a back end database with “Blockchain-inspired” software would be running by 2018. Proving Blockchain’s power. The project is being created for use by the Depository Trust & Clearing Corporation (DTCC), which handles the reporting of practically all stock and trade moves in the US. It also records the trading of valuable....