UBS to Research Blockchain Technology in London Lab
Swiss investment bank UBS is set to open a London-based research lab to explore the application of blockchain technology in the financial services industry. The innovation lab, due to open later this month, will be housed at FinTech accelerator Level39 in Canary Wharf - one of London's major business districts. A group of financial technologists will lead the initiative, which attempts to bring together experts from both the banking and FinTech sectors to examine how traditional banking can drive business growth through innovation. Oliver Bussmann, group CIO at UBS, said in a statement:....
Related News
Swiss banking giant UBS has announced that it will research the technology behind the peer-to-peer network Bitcoin in order to explore how blockchain can be used in mainstream financial services. The research lab will open this month at Canary Wharf-based fintech accelerator space Level39, which is a hub for fintech startups in London. UBS's first investment in the blockchain research will bring together technology experts from the bank and the financial technology community, said UBS. Apart from studying and experimenting with the blockchain technology, the lab members will strive to....
Imperial College London has collaborated with Blockchain to launch the Digital Asset Research Lab. The blockchain is slated to be the future of technology, irrespective of the industry segment. As more industries continue to explore the distributed ledger technology for their operations, the educational institutions are also preparing themselves for the said technological shift. The renowned Imperial College London has taken a step in that direction by starting the Digital Asset Research Lab. The Imperial College’s Digital Asset Research Lab is set up in collaboration with Blockchain, the....
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....
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....
Blockchain applications have gained surprising momentum in the financial services industry. Major banks and financial institutions worldwide have invested in blockchain startups or formed group efforts to test the technology collaboratively. Yet the newsworthy events coming out of the financial industry can sometimes mask blockchain’s potential in other industries that may not be making splashy headlines. Change is slow, but blockchain technology is picking up steam in several other sectors of the economy far away from financial services – and some researchers are looking to explore....