Capgemini: Finance 'Can't Ignore' Blockchain Tech
A new report from consulting and technology services firm Capgemini advises financial services firms that they can no longer "afford to ignore" blockchain technology. Released on 13th November, the paper argues that the blockchain and distributed ledgers have the potential to broadly impact traditional financial services providers. It proceeds to outline steps affected institutions can take to evaluate various platforms and players currently available. Overall, the report argues that traditional financial providers will look to the technology as a way to reduce costs related to data....
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Capgemini has partnered with Ascribe to create a blockchain database solution built on BigchainDB. The consulting, technology and outsourcing services provider operates in more than 40 countries and employes around 180,000 people worldwide In a bid to continually improve its consulting services, it seems as though Capgemini has caught the blockchain bug. In November, the company published a report advising clients that financial service firms could “no longer afford to ignore blockchain tech.” Not long after that, in mid-April, Capgemini introduced a range of blockchain consulting services....
Technology consulting firm CapGemini took its latest step on its bid to dramatically increase its investment in blockchain tech this week, announcing a partnership with industry startup Ascribe that would find it using the startup's solutions to create a real-time rewards system. The project comes amid a larger push by the Paris-based company that has seen it go public with its desire to hire 100 blockchain professionals for its financial services department by the year’s end. The move positions CapGemini as among the more aggressive global consulting firms in seeking a market share in....
Congressman Kevin McCarthy has urged Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell not to ignore bitcoin like they have been trying to do. He believes it is the future, emphasizing, “I do not want America to fall behind” other countries. Government and the Fed Should Not Ignore Bitcoin GOP leader Kevin McCarthy talked about bitcoin in an interview with CNBC last week. Congressman McCarthy serves California’s 23rd district and is currently the Republican leader in the U.S. House of Representatives. He was asked specifically if he thinks that....
There’s a tendency in the tech world to toss out old tech and go all-in on a new replacement. “Oh, don’t use that. That’s the old thing! Use the new thing instead.” This advice is best suited to those who adapt quickly to technological change—in other words: a small percentage of humanity.
Jumping quickly to ‘the new thing’ may come with harmful second or third-order consequences for most people; this is especially true for energy-hungry technologies like cryptocurrencies that adversely affect our planet.
These....
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. […]