Gov’t Funded Blockchain Lab to Open in the UK
A Blockchain lab is scheduled to launch in the UK next month as a result of Innovate Finance teaming up with Hartree Centre to explore the opportunities offered by blockchain technology. Innovate Finance is an independent membership association started in August 2014 to develop the global financial technology sector and has more than 100 members including Barclays, HSBC, Silicon Valley Bank, Nutmeg, Zopa, Monitise, Transferwise, Azimo, Syndicate Room, Ratesetter, Prophis Technologies, and GoCoin. Hartree Centre is a data analytics research facility that has received 37.5 million GBP in....
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Building blockchain solutions is not cheap by any means. However, if every group of bank builds their own proprietary technology, the question becomes how these tools are supposed to communicate. There are many different opinions on blockchain technology and how viable this technology seems to be right now. Some people are even arguing blockchain development is funded by dumb money. With over uS$250m invested this year alone, the time to deliver on distributed ledgers is now. But is the investment itself justifiable, or are investors getting caught up in all of the hype? It has to be said,....