Standard & Poor’s Gives a Breather to Smaller Institutions on Blockchain Implementation
According to Standard & Poor's recent report, banks don't have to worry about changes in the rating mechanism until blockchain adoption becomes more prevalent. Read more... The number of banking and financial institutions researching the use of blockchain technology in their operations is increasing each day. The number of collective projects involving multiple institutions is a standing proof of that. With more blockchain projects reaching trial stage, the process of widespread implementation of applications built on distributed ledger is probably a couple of years away. Once....
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Standard & Poor’s (S&P) Global recently published a report detailing its view of blockchain technology. The credit rating agency also revealed how blockchain development could change its credit ratings of financial institutions. Blockchain Could Affect Credit Ratings. Known for its stock market indices such as the S&P 500, the company is one....
AXONI, the distributed fintech solutions company recently tested a new blockchain solution for financial institutions. The banking and financial institutions across the world have been working on development and implementation of blockchain technology based applications into their operations. The latest news about a successful trial run of a similar blockchain technology based solution comes from AXONI. In a recent press release, AXONI, a distributed ledger based financial technology solutions provider has reported that the company along with 6 other financial services providers has....
Though by far the most visible, the recent debate over bitcoin's maximum block size isn't the only area where the technology's decentralized decision-making processes can result in impediments to further development. The colored coins community, for example, recently attempted to consolidate its efforts in a bid to encourage more developers to use the bitcoin blockchain as a vehicle for asset transfer. However, the attempt to merge the best of the sector's offerings to support this goal, started in late 2014, has ended without consensus. As a result, ColoredCoins.org today released a new....
To facilitate the development and implementation of the Blockchain technology in Ireland, a non-profit advocacy group called the Blockchain Association of Ireland (BAI) will launch on Dec. 14. Reuben Godfrey, the co-director of the BAI, stated that the organization will bridge the gap between startups and large-scale institutions to establish Ireland as a global FinTech hub. Dealing with regulations and frameworks. One of the major aspects of Blockchain implementation which most startups and corporations struggle to deal with is regulatory conflicts. Because the Blockchain technology is a....
Although DBS and Standard Chartered have tried their ledger of invoices at the end of 2015, not too many details have been revealed regarding their progress ever since. Even more financial institutions are turning towards the blockchain these days, as the technology will help financial players reduce overhead costs and offer better security standards. DBS and Standard Chartered have partnered up to venture into the world of blockchain technology in an attempt to reduce fraud rates. DBS and Standard Chartered Take On The Blockchain. It is positive to see financial entities actively explore....