ISITC: Blockchain Investment Impact 12 to 18 Months Away
Trade processing was historically an inefficient process that involved sending documents between firms via fax and Telex, and manual re-keying of data as it passed from one proprietary trading system to another. Then, in 1991, a group of financial industry leaders and competitors created an advanced standard electronic message format with which to trade mortgage securities. That format is now known as straight-through processing (STP) and the group that created it still exists as the International Securities Association for Institutional Trade Communication (ISITC). The association....
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The European branch of the International Securities Association for Institutional Trade Communication (ISITC) has proposed 10 blockchain benchmarks it believes will help standardize the increasingly diverse set of blockchain tools currently available on the market. Created by the ISITC's Blockchain DLT Working Group at a meeting earlier this month, the benchmarks are the latest step in a series of global efforts aimed at ensuring blockchain can enable a new wave of efficient, decentralized data sharing without recreating today's siloed centralized database infrastructure. But creating....
A new survey by the International Securities Association for Institutional Trade Communication (ISITC) has revealed that the current buzz around blockchain is driving a focus on technological investment within the financial sector. ISITC is an industry trade group focused on standards and efficiencies in securities transaction processing. It boasts hundreds of member companies from across the globe, including major institutions such as BNY Mellon, Citibank, JPMorgan and more. In its annual survey, which polled 45 member firms from a variety of areas within financial services, the....
Nigel D Solkhon, Interim CEO of ISITC Europe has released a report on the inaugural meeting of the Blockchain Working Group in London. Founded in 1992, ISITC London is a not-for-profit voluntary organization with a series of “work stream” projects planned in 2016 that includes: blockchain, regulation, standards and industry engagement. As an organization, they have been seeking to regain relevance in a rapidly changing atmosphere of FinTech, specifically in this case within the scope of blockchain technology. Solkhon, a 27-year financial services veteran, seeks to re-establish ISITC’s....
Leading members of the Hyperledger blockchain project are scheduled to address the European branch of the International Securities Association for Institutional Trade Communication (ISITC) next week. To be held at London Metropolitan University on Thursday, the public event is the latest effort by ISITC's newly formed Blockchain DLT Working Group to lay the foundation for a global effort to standardize distributed ledger technology. Co-chair of the ISITC Blockchain Distributed Ledger Technology (DLT) Working Group, Gary Wright, told CoinDesk the academic lecture is intended to give his....
Blythe Masters’s new Blockchain startup is set to receive huge investment from Wall Street in 2016. What could this really mean for the Blockchain technology and how much impact is this going to have on the Bitcoin market? There has been quite a lot of excitement within the Bitcoin environment coming into the new year as the news of Wall Street investment in Blockchain broke. The cyberspace has buzzed with various speculations on how much impact this move could have on Bitcoin. Cointelegraph sought expert opinions for a clearer understanding of what exactly it is that Blythe and her....