How Blockchain Tech is About to Transform Sharemarket Trading
Recently the Australian Securities Exchange (ASX) bought a $15m stake in Digital Asset Holdings, a developer of blockchain technology. One of the main reasons is to upgrade its share registry system by using blockchain or distributed ledger technology. And it's been reported that JP Morgan Chase is also partnering with Digital Asset Holdings to trial the technology. What is blockchain/distributed ledger technology? Put simply, blockchain technology is a method of recording and confirming transactions where instead of a centralised platform, participants each hold a complete record of....
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Blockchain technology could potentially transform payments, says a new report by American multinational banking corporation BNY Mellon. Although the report - titled "Innovation in Payments: The Future is FinTech" - notes that bitcoin may not survive in the long-term, the blockchain, it says, could help to reduce risk, transaction costs and improve speed, efficiency and transparency in the realm of payments. The report goes on to assert that this process does not come without a set of challenges: "Indeed, blockchain technology presents a number of challenges that have yet to be resolved,....
A group of top tech and finance companies including IBM, Wells Fargo and the London Stock Exchange Group, are joining forces to develop a new open source blockchain separated from the Bitcoin blockchain, Bloomberg Business reports. The group will work with the Linux Foundation to create a public network that lets blockchain applications built on top of it communicate with each other. The open-source software will enable others to transform the way business transactions are conducted, according to a statement released by the Linux Foundation. The statement, not yet available in the open at....
The Blockchain Tech Ltd group (BTL) is a technology company focused on developing blockchain technologies to disrupt and transform the existing industries. The company is based in Vancouver, British Columbia and develops in-house technology. It specializes in providing support and funding to new blockchain-based projects through the company’s incubator and accelerator programs. The company’s first technology platform is a remittance business called Interbit. Interbit focuses on leveraging blockchain technology to create a fast and cost effective “cash-in cash-out” settlement solution....
Who really understands what a blockchain is? Could you explain it to your mother? Chain CEO Adam Ludwin got down to fundamentals yesterday, as he explained his company’s intention to transform financial services by digitizing already-existing assets. Ludwin spoke on a Tuesday afternoon panel with at the Money 20/20 Conference in Las Vegas. Blockchains Transform Finance From the Bottom Up. Assets including U.S. dollars and Starbucks points could move on blockchains with greater efficiency and security, he said. “A blockchain is actually a new type of database,” he said, adding that it’s a....
Greg Medcraft, Chairman, Australian Securities and Investments Commission (ASIC) in a speech at Carnegie Mellon University underlined the importance of blockchain and how they can transform the capital market. In the speech, he cited four main points that he said, proved that blockchain has the capacity to help transform the capital market. Continuing in the same vein, the Chairman said that blockchain stands for efficiency and speed and has in it the potential to automate the financial system which will cut down the time duration that is needed for transactions. Secondly, he mentioned....