MASSIVE: Two Financial Services Giants Interested in Blockchain Technology
Leading financial services giants, Nomura and Fidelity Investments, are showing a keen interest in the blockchain technology. The Nomura Research Institute made the official announcement that it will conduct a joint examination with Nomura Securities Co., Ltd., and other technology start-ups regarding the feasibility of implementing the blockchain technology. The Nomura Research Institute (NRI) is the largest consultancy and IT firm in Japan. The joint study is expected to be completed in January 2016. The official announcement reads, "The impetus behind creating this study emerged from....
Related News
Recently, there has been a lot of chatter about the heavy investments that are pouring in the Bitcoin ecosystem. Wall Street investors have started to embrace the transformative potential of the revolutionary blockchain technology that gives birth to new Bitcoins as a reward for successful verification of transactions. Bitcoin startups have also started receiving financial support from giants of various industries such as the telecom major Orange which announced its plan to fund such projects in Silicon Valley. Several other tech leaders such as IBM, Samsung and banks including UBS have....
The underlying technology of bitcoin called, ‘the blockchain’ has disrupted & rocked the foundation of traditional finance to its very core! It seems mainstream media is reporting financial institution’s adoption of blockchain technology in nanoseconds. Only months ago many of these same outfits were opposed to change labeling the bitcoin community, ‘An....
A new consortium of Japanese banking and financial services giants will seek to use blockchain technology to provide domestic and foreign exchange services. Japanese financial services giant SBI Holdings and its subsidiary SBI Ripple Asia, have collaborated to launch a consortium that will seek to use blockchain innovation – the technology underpinning bitcoin – in new payment and settlement services from October 2016. A press release [PDF] from SBI Holdings has revealed that the consortium will be named the “Consortium for Considering Blockchain Technology to Centrally Provide Domestic....
Digital Asset Holdings CEO Blythe Masters has revealed that financial regulators are keen on the potential of blockchain technology, the same technology that underpins Bitcoin, the cryptocurrency that several authorities seek to regulate. Blythe Masters, CEO of New York-based blockchain startup Digial Asset has claimed that blockchain technology is proving to be favorable for financial regulators. The decentralized, distributed ledger technology is seen as a means to increase transparency while lowering costs, according to Masters. The former JPMorgan executive was speaking to Reuters,....
Amazon Web Services will partner with Digital Currency Group (DCG) on a platform that will allow companies to experiment with blockchain technology, according to Forbes. Blockchain providers in DCG’s portfolio will be able to work in a secure environment with financial institutions, enterprise technology companies and insurance companies. A blockchain can make financial services more efficient and more economical. The technology could potentially shrink the financial services industry as the software handles functions that middlemen currently execute. Scott Mullins, AWS head of worldwide....