SWIFT Institute Offers €15,000 for Bitcoin Research Project
The SWIFT Institute has announced it is launching a new research programme on digital currencies, with a €15,000 grant on offer for the author of the winning proposal. The institute is looking for research on recent developments in digital currencies and cryptocurrencies, but places an emphasis on bitcoin, which it describes as “arguably the most popular” digital currency. “With bitcoin’s increasing usage, virtual currencies are becoming more of a reality. There are bitcoin ATMs in more than 10 countries worldwide, and the currency is increasingly accepted by mainstream retailers,” the....
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The SWIFT Institute is offering research teams €15,000 to investigate how bitcoin's underlying distributed ledger technology could impact the global securities ecosystem. The institute is a financial services research group backed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which provides a network for global financial institutions to send and receive information about financial transactions. The grant follows the SWIFT Institute's call for information on the risks associated with bitcoin as a digital currency in 2014 and comes amid a broader shift in....
The Swift Institute has announced a €15,000 reward for the researcher who brings the best proposal on the blockchain technology’s use in securities markets. The announcement came in a document, titled “Call for Proposals”, where the institute asked researchers to provide their thesis on blockchain’s practical applicability in enterprise-level financial needs. It first recognized the technology for being popular enough to be experimented by financial institutions like Nasdaq, UBS and NYSE; but overall remained suspicious on its ability to handle higher transactions at a particular point of....
The global financial industry continues to study the block chain with increasing vigor. The SWIFT Institute, a La Hulpe, Belgium-based financial research organization, is seeking proposals for a pair of research grants on block chain capabilities. Each 15,000 EUR grant is for block chain research, one in securities and the other in intraday liquidity. Proposals must be submitted by Aug. 7. In each case, the institute will pay half of the 15,000 euros immediately and the balance on acceptance of a working paper. The institute will publish each working paper to the global financial industry....
Will the blockchain replace SWIFT? No fringe concept, the question has long been openly asked by innovators in the blockchain industry as well as FinTech professionals due to the potential of the technology to replace financial intermediaries. As the "global backbone of the financial industry", this is notably one of the core functions that SWIFT today serves. Accordingly, the question of how SWIFT would respond to this potential threat gained new definition this week with the news that the financial messaging services provider is working to build its own distributed ledger....
Leading crypto trading and technology firm, Amber Group, has recently announced a partnership with the Institute of Risk Analysis, Prediction, and Management, Risks-X. The partnership is a joint research project between Amber Group and Risks-X that will explore unsolved problems related to blockchain network latency. The research will look at a range of issues surrounding […]