73% of Finance Pros Think Blockchain Tech Can Thrive Without Bitcoin
A new survey suggests that many finance professionals see a bright future for blockchain technology - just not one involving bitcoin. Greenwich Associates, a market intelligence firm, recently released its "Distributed Ledgers in Capital Markets: Answering the Big Questions" survey, which follows previous publications that focus on quantifying Wall Street's growing relationship with bitcoin and blockchain technology. When asked whether Wall Street legal and compliance professionals will trust asset transfers that occur via a blockchain. Thirty-two percent indicated that they believe this....
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New data suggests that many financial professionals believe their industry is being reshaped by blockchain technology. A survey conducted by market intelligence provider Greenwich Associates shows that a number of financial institutions are actively reviewing solutions using distributed ledgers. Few respondents indicated that their institutions were actively deploying blockchains at this time. Seventeen percent of 92 survey-takers said that they are "currently using" some form of implementation. Yet more could begin utilizing the technology in the near future - of 87 respondents, 47% said....
Firstly, let me start out by saying that we fully support the X11 Algorithm and that we do believe it is the future for many coins out there. Especially considering that Scrypt ASICs have already been spotted in the wild, and that there are new ASICs of an expected 250 MH/s! The X11 Algorithm has its flaws though (cons), but do they outweigh all of the pros? Without further ado, let's take a look at the pros and cons of the X11 Algorithm. Litecoin's supposed X11 Logo. Pros. First Pro of the X11 Algorithm? Security: The algorithm uses eleven hashing functions from the Blake algorithm to the....
International tech consultants Booz Allen Hamilton (BAH) have authored a report stating blockchain is “integral to supporting and realizing a digital economy in the Middle East.” Mid East Undergoing ‘Rapid Change’. The report, released today titled “Blockchain Technology – Can the Digital Economy Thrive Without It?” focuses on the benefits that....
Tech giants such as Microsoft (NASDAQ: MSFT) and IBM (NYSE: IBM) have been making substantial investments into the blockchain and decentralized finance (DeFi) space. These Big Tech firms realize that the future of finance and business holds key opportunities that they can’t afford to leave behind because the global economy will be established around them. […]
UBS has been conducting research on blockchain tech for quite some time and just recently shared more details on its developments. One of these is the so-called "settlement coin" which can be used by financial institutions for transaction clearing. Prior to this, online retail giant Overstock has already ventured into using blockchain tech for "cryptosecurities" and trade clearing. Along with UBS, the company recognized the potential applications of the distributed public ledger in reducing transactions costs and speeding up the verification process. Blockchain Tech in Finance. Blockchain....