Deutsche Bank: Blockchain Tech Will Go Mainstream in Next Decade
Deutsche Bank believes that blockchain technology will become more widespread over the course of the next ten years. The comments come after the German banking giant carried out a blockchain-based experiment that focused on programmable bonds. While declining to disclose the two providers that worked with the bank during the experiment, Deutsche Bank told CoinDesk in an email: "The test [a proof-of-value] is successfully completed. The corporate bond was ideal to test blockchain on the lifecycle of an asset (issuance, coupon payments, redemption), hence why we chose it; at this stage, we....
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Deutsche Bank is exploring the use of the blockchain for a variety of potential applications, according to a recent letter from the German megabank. The bank was one of a number of respondents to a call for evidence by the European Securities and Markets Authority, which is currently establishing how it will regulate digital currencies. The EU securities watchdog issued a request for feedback in April. The bank declined to comment when reached. According to the letter, attributed to global head of regulatory policy Daniel Trinder, Deutsche Bank sees the blockchain as "an area where we have....
The Deutsche Bank analyst's comments are another sign of bitcoin's increasing acceptance in the mainstream of finance.
The German central bank Deutsche Bundesbank, in partnership with Deutsche Börse, has revealed a functional blockchain prototype that trades securities. The Deutsche Börse Group, a marketplace organizer for settling shares and other securities, said the platform is more efficient than traditional standards. German Central Bank Is Developing Blockchain....
German global banking and financial services company Deutsche Bank is set to launch three startup innovation labs in Silicon Valley, London and Berlin to accelerate fintech (financial technology services) companies, which could potentially help the bank’s clients in the financial sector. The Chief Information Officer of Deutsche Bank, Kim Hammonds told American Banker that out of the 500 companies, which will be evaluated, 50 startups will be implemented either by Deutsche Bank or by the bank’s clients. As of now, the reserved sum of investments for the accelerator has not been disclosed.....