VC Head Believes Israel will Lead Blockchain App Industry
The managing director of Santander Group's venture capital firm believes that Israel will become a reference market for blockchain applications. Mariano Belinky, who has recently invested in an Israel-based payment application, expressed his faith in the technologically advanced nation, explaining how it is equipped with all financial and talent resources to build innovative blockchain-based applications for banks. "I see blockchain technology as a good candidate for future secure financial transaction technology," Belinky told the Times of Israel. "Israel is already a strong player in....
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A new report from global professional services firm Deloitte focuses on Israel's development into a blockchain hub, outlining the work of a number of startups working on distributed ledger solutions across a variety of industries. "The country’s unique experience with FinTech, cyber and cryptography, has positioned Israel as a hotspot for blockchain innovation," Deloitte says. The report provides an overview of blockchain technology and its use cases and introduces 38 young firms that it believes are "leading the blockchain revolution" in the Middle Eastern nation. Each....
The World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” Cavatoni spoke about the London Bullion Market Association’s (LBMA) and WGC’s Gold Bar Integrity Programme (GBI) which aims to methodize “an international system of gold bar integrity, chain of custody and provenance.”
Gold Bar Integrity Initiative Will Help Investors Feel ‘Comfortable Knowing....
Peter Nichol, a healthcare business and technology executive, believes that the Blockchain technology will lead the healthcare industry to a new era of technology and innovation with immutable ledgers and secure transfer of data. Over the past few years, cryptographers and Blockchain startups have been obsessed with the execution and settlement of smart contracts. Since smart contracts are designed to establish unalterable agreements between two parties, they serve as a viable and practical method of transferring and exchanging data within a set framework. Nichol, who has worked for the....
The number of fintech and cryptocurrency startups in Israel have increased in the past few years, strengthing the country's position in the sector. Israel has been one of the fastest growing startup hubs for a while, now the country is also making a place for itself in the financial technology map. The majority of startups in the Israeli startup ecosystem are now focused on fintech and blockchain technology. According to reports, the number of startups in the fintech sector has increased fourfold from 90 to 430 within a span of 7 years. The cryptocurrency industry has already seen a....
Tech giant Intel has opened a development lab in Tel Aviv focused on financial technologies like the blockchain. The company is working with The Floor, an Israeli FinTech organization, according to The Jerusalem Post. The Floor, headquartered at the Tel Aviv Stock Exchange, raised $2m earlier this year from Chinese VC firm Pando Group. Other technologies that the lab will focus on include connected devices for the Internet of Things (IoT), cloud computing and biometric applications. "Through this collaboration, Intel will be able to lead, alongside The Floor, the development of this....