Swiss Banking Giant to Open Bitcoin Block Chain Lab
UBS / Shutterstock. The Wall Street Journal has reported that Swiss banking giant UBS have now publicly stated their plans to open a technology lab in London to explore block chain technology and applicable usage in financial services. More banks are dipping their feet in the proverbial waters of the cryptocurrency sector; is this another stone upon the starting avalanche? The lab will open later this month at Canary Wharf in London (UK), in the Fintech accelerator space Level39. The lab team and external guests will be tasked with experimenting with block chain tech and designing ways how....
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Last year, a Swiss art group called Mediengruppe Bitnik created a robot to shop on Agora, which is currently the largest Darknet market. They gave the bot $100 per week in bitcoins and programmed it to randomly buy items. It bought a wide variety of things, which were delivered to the group's gallery in Switzerland, adding to the exhibit. The exhibition gained more and more publicity until the local media reported that there was ecstasy in the exhibit, at which point, in January, Swiss authorities appeared and abducted the robot into police custody. Also read: Swiss Banking Giant to Open....
Like the Internet did 25 years ago, Bitcoin and its block chain technology are bringing the next generation of technological advancement to industries around the globe. One industry that certainly needs an infusion of new technology and efficiencies is the banking industry. Major financial companies like Goldman Sachs, NASDAQ, and The New York Stock Exchange have stepped forward to invest and learn what these innovations can do for them. Some are open-minded to bitcoin as a currency, but bankers are looking more at integrating the block chain technology without the currency. Bitcoin and....
Legitimacy does not flow from the barrel of a gun, from the banking industry, nor from governments, or such is the feeling of the average Bitcoiner. However, it's nice when the technology behind the world's first cryptocurrency gets some respect in traditional banking sector. courtesy of finaclecommands.blogspot.com. Top Banking Software Vendor Utilizing Block Chain. Today it was announced that one of the top banking software providers, Infosys, is considering the implementation of the block chain into its core product, Finacle. Finacle is the front-end to bank databases used by employees....
Brian Forde // Twitter. Brian Forde from the MIT Media Lab believes that the block chain and related technologies may serve to remind the government that they need to become more transparent and open. Forde's Digital Currency Initiative is specifically looking into ways that the block chain can be a force for social good. According to him, the block chain can be used to distribute social welfare. Forde thinks that some of the best innovations will come from the developing world, as their banking infrastructure is not as strong, and they can come up with stronger, more creative uses of the....
As Bitcoin technology evolves and grows past the "early adopter" stage, more and more businesses are entering the space looking to provide the market with innovations based on Bitcoin's block chain technology. Today, there are many businesses that are in perpetual pre-launch, like the vaunted Open Bazaar, who seems to have been on the brink of release ever since Bitcoin was just a whitepaper. The cloud storage industry within the Bitcoin community is still an open door to entrepreneurs, and Sia has stepped forward to fill this market niche. In the mainstream, you have companies like Amazon....