ThoughtMachine Released Vault OS, Blockchain-Based Operating System for Banking
UK-based fintech company ThoughtMachine recently released their blockchain-based operating system specifically designed for banking known as Vault OS. As banks spend millions of dollars a year on their cybersecurity to fight against cyber attacks, blockchain technology holds the solution for this problem but as firms such as JPMorgan Chase and Citi Bank start developing their own blockchains, development tends to be costly. For two years, the ThoughtMachine’s team of 50 worked on the “100% future-proof” Vault OS in stealth which resulted in an operating system that has its own private....
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Paul Taylor, a former Google engineer and founder and CEO of UK-based Fintech startup Thought Machine, is developing a blockchain-centric operating system, Vault OS, a modern banking engine and core software that runs on the cloud. Before delving into the blockchain space, Paul Taylor held a prominent position at Google as the head of the text-to-speech group at the search giant, responsible for the speech recognition software used in over a billion Android phones and devices used around the world. A Cambridge University academic, Taylor began working on Vault OS over two years ago at a....
BloqEnterprise is a blockchain operating system for enterprise customers which enables them to create, edit and modify blockchains. The enterprise level distributed ledger technology solutions provider Bloq has waded into the deeper waters of blockchain technology by announcing its very first product, a truly enterprise level product called BloqEnterprise. As the name suggests, this enterprise level solution is a comprehensive Blockchain-based operating system, BOS as it is called. The BloqEnterprise allows companies to tap into the full potential of blockchain technology with tools that....
ECUREX GmbH, a Zurich, Switzerland-based digital finance marketplace for traders and financial institutions, has become the first digital currency exchange platform to be fully compliant with the Swiss Banking Act. The ECUREX trading system is not yet operating, but the team announced that this is its next objective. The team has scheduled the system's first release. The company reported the Swiss Financial Market Supervisory Authority (FINMA) has released an opinion letter stating that ECUREX's business model is compliant with the Swiss Banking Act. FINMA released the letter following 16....
Coinbase will soon be doing away with their $0.15 ACH fee charged on all buys and sells. The fifteen cent fee has long been a point of contention and Coinbase is making the move to bear the cost of interfacing with the legacy banking system themselves. In an Ask me Anything Coinbase AMA on Youtube, Coinbase heads Fred Ehrsam and Brian Armstrong have been asking user-generated questions pouring in from several social media founts. Ehrsam explained: Right now we pay miner's fees for our users. It's kind of the same idea. Most people probably don't want to think about them [the fees]. Also....
Canadian cryptocurrency exchange Vault of Satoshi recently updated its clients about their concrete decision to shut down next month - on February 5th. According to the founders, their exchange was running smoothly - without any insolvency, stolen funds, and any other ill-fated scenario - so people should not perceive anything negative about Vault of Satoshi. On the other hand, the decision to seal this exchange forever was taken to fulfill other, and better, opportunities. Here is an excerpt that explains it better: "Our founders and team of developers began work on a new,....