Distributed Trade Conference On Track, for Financial Services and Trade Networks
Distributed: Trade is the upcoming global blockchain conference focusing on trade networks and financial services. The use of blockchain technology in trade and financial services is the hot thing in the recent days. Now we have the first ever global conference focusing on these core areas, scheduled next month. ‘Distributed: Trade’, as the conference is called, will be held at the Washington University in St. Louis. The Distributed: Trade conference is the place where one can find leading blockchain technology-based service providers along with major enterprises and financial institutions....
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JPMorgan CEO Jamie Dimon issued new remarks on bitcoin and the blockchain as part of the Barclays Global Financial Services Conference in New York today. During a 40-minute question-and-answer session, the noted bitcoin skeptic suggested that JPMorgan is optimistic about the potential use cases for bitcoin's underlying distributed ledger, the blockchain, and other distributed ledgers. According to a report by American Banker, the CEO further spoke to the growing interest among major banks in blockchain technology and its applications, stating: "We have a study group on this whole thing. I....
Commonwealth Bank and Wells Fargo have announced they are testing blockchain for use in trade finance, focusing on the global cotton market. Working alongside blockchain startup Skuchain and Australian cotton trading firm Brighann Cotton, the two banks facilitated a transaction between a cotton buyer and seller. In statements, Commonwealth said that the test enabled all parties involved "to track a shipment in real time" using a distributed ledger. Michael Eidel, executive general manager for Commonwealth Cash-flow and Transaction Services office, said in a statement: "The....
Distributed: Trade Blockchain Hackathon Offers $25k in Prizes for Supply Chain and Finance Use Cases
BTC Media, the parent company of Bitcoin Magazine, and SixThirty recently announced a 24-hour blockchain hackathon with $25,000 in prize money will take place on June 12-13, 2016, a day before their Distributed: Trade conference, in St. Louis. Teams competing in the hackathon are tasked to build blockchain applications that optimize financial services and supply chain operations and to find solutions to problems in payments, supply chain management and data security. The hackathon is being held at T-REX, a world-class facility in the heart of downtown St. Louis that incubates technology....
The Bank of America is developing a trail based on the blockchain for trade finance transactions in an attempt to tap into the applications of blockchain or distributed ledger technology for real world applications. Bank of America has revealed the development of a blockchain-based trial for trade finance, as a part of the financial institution’s foray into pushing for the adoption of the underlying technology that powers Bitcoin. The application of blockchain technology to trade finance is seen to be as a significant leap for an industry that still relies predominantly on manual,....
Edan Yago is CEO of Epiphyte and a founding board member of the Digital Asset Transfer Authority (DATA). Epiphyte develops systems that bridge the gap between traditional financial networks and cryptofinancial networks. The views expressed in the article below are Yago's own, and do not necessarily reflect those of DATA. Last week was a turning point for bitcoin and distributed cryptographic networks. It started with the Inside Bitcoins conference in New York, where it became clear that the bitcoin world is truly starting to live up to its promise of creating the most secure financial....