Why Banks’ Best Bet is a Public Blockchain (With Bitcoin)
Asking for blockchain without bitcoin struck Marc Andreessen as wanting “online” without the Internet. Siddharth Kalla, the chief technology officer of Acupay, a technology provider in New York specializing in cross-border finance, believes Andreessen was astute when he tweeted this observation in December. Kalla, writing in American Banker, is the most recent financial observer to take issue with financial institutions trying to isolate blockchain from bitcoin. When the web began making waves in the mid-1990s, private companies began to create proprietary information-sharing networks like....
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August saw the first meeting of US credit unions looking to pioneer so-called distributed ledger technology (DLT) in CULedger, a “dedicated” version of the banks’ R3 Consortium. CULedger ‘Does What R3 Is Doing for Banks’. CULedger, which seeks to mimic R3 in order to allow organizations to benefit from blockchain technology, is currently fundraising....
Financial writer Frances Coppola gave a history and forecast of bitcoin and blockchain technology in an article on American Express. While she is uncertain about bitcoin’s long-term future, she believes blockchain technology will play an important role in international payments. Bitcoin/Blockchain Overview. Coppola begins the article explaining how bitcoin and the blockchain work and how bitcoins are created through mining. She noted that as the energy cost for mining bitcoin has increased, many are wondering if there could be more productive uses for the energy. Because bitcoin....
China sees its digital yuan as a "new battlefield," DeFi's Curve has a new dividend program and a yet-to-launch platform is pursuing an "Initial DEX Offering."
In glittery surroundings, next to the skyscrapers of London, the financial capital of the world, a packed room of blockchain enthusiasts heard from Edan Yago, CEO of Epiphyte, former employee at Zynga. We are preparing for a world where “95% of your customers are not human,” he says. The current financial system does not scale for machine to machine transactions, Yago argued, as they address it like a “liberal arts problem” leaving us with a “chain of corresponding banks” which are not interoperable. Visa, for example, does not communicate with mastercard, Yago says. Public blockchains....
Our guest today is the INCREDIBLE Mariana Dahan who not only holds a PhD degree from ESCP Europe Business School and Paris II University in France, but she is the Senior Operations Officer in the Office of the World Bank catalyzing progress towards identification systems using 21st century technology solutions. With the recent Bitfinex hack and even going back to the 2008 crisis – best viewed as a breakdown in public trust in the banks’ role as ledger-keepers, the entire notion of centralized trust is being questioned. With Google Trends data showing that searches for the word “blockchain”....