Will More Businesses Integrate the Blockchain?
In a recent article published on Bloomberg, former Wall Street executive Blythe Masters explains that she is particularly interested in the blockchain, the shared technology behind everyone's favorite cryptocurrency bitcoin. In the article, Masters explains that the blockchain has "a pretty long list of positive attributes," and that it could potentially bring a whole new level of security to both Wall Street and other financial institutions. This is nothing that cryptocurrency fans haven't heard before. Companies such as computer giant IBM have long endorsed the blockchain, saying that it....
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This news comes at the time when experts assumed adoption of distributed ledgers was still five to ten years away. Once again, the so-called experts have been proven wrong, and it is not the last time that will happen. Blockchain adoption by traditional financial institutions will not happen anytime soon. At least, that is the message their official spokespeople are converting to the world. But according to IBM, there has been a rush to embrace distributed ledgers and integrate them into core systems. Things are looking positive for Bitcoin technology, even though banks will not embrace....
In an interesting interview with CNBC's Nancy Hulgrave, Peter Smith, the CEO of blockchain.info, claimed that around 100 banks approached his company to integrate bitcoin and the blockchain technology in their banking systems. Peter thinks that these banks believe that they can benefit and make more profits via integration of the blockchain technology. Banks Vs The Blockchain Technology: Throughout the past couple of years, some international retail banks have tried to integrate the blockchain technology into their banking systems and some have even gone far enough to consider issuing....
OKCoin has announced that it will integrate Bitcoin’s Lightning Network, reducing transaction fees and deposit/withdrawal times. The post OKCoin To Integrate Lightning Network appeared first on Bitcoin Magazine.
According to a new report released by Big Four Accounting firm PricewaterhouseCoopers (PwC), the Fintech revolution will not revolve around blockchain innovation per se, though it will remain at the top of trends in the banking industry. Meanwhile, banks are still preferring to integrate “easier” solutions, which will optimize day-to-day operations. One....
The team at Emer claim to have matched blockchain solutions and comprehensive technical approaches for solving issues related to current centralized models of commerce. Eugene Shumilov, CEO at Emercoin, reflecting on the origins of Emercoin says: “I am often asked why EmerCoin is named so. It is from the word ‘emergence’ — signifying the emergence of new properties in the system, more than the sum of its components. This is fusion, synthesis, evolution.” As a leader in blockchain-based network security solutions, and worldwide Public Key Infrastructure (PKI), Emercoin has focused on three....