Digital Asset Holdings Targets Biggest of the Big Banks With New Blockchain Tech
Digital Asset Holdings has revealed new blockchain technology it believes could one day connect the world's most important financial institutions. Instead of a single "full stack" of its own applications, languages and execution capabilities, the company (headed by former JP Morgan executive Blythe Masters) is going for a more modular approach with its new Global Synchronization Log (GSL), revealed for the first time late last week. Intended to serve as a foundation for independent distributed ledger implementations, GSL also aims to help other blockchain products focus on....
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Bitcoin-based startup Digital Asset Holdings has had a hard time with closing deals with investors to cap off the company’s first round of funding, according to a report. Former banker and now a prominent personality in the Fintech space Blythe Masters’ Digital Asset Holdings is ‘struggling’ to close its Series A round of funding by investors. The New York Times reports that former JPMorgan employee and now CEO of Digital Asset, Blythe Masters has already been promised an investment of $7.5 million from her former employer. JPMorgan is also seen as the lead investor in Digital Asset....
The main reason a partnership between Digital Asset Holdings and Accenture is so important is because consulting and system integration services will be provided to clients exploring the blockchain space. Digital Asset Holdings is one of those companies who keep making media headlines these days. The blockchain startup, led by Blythe Masters, has recently signed a strategic business deal with Accenture. As a result of this collaboration, Digital Asset Holdings will gain additional resources and expertise while partnering companies will get access to their distributed ledger technology....
Juzhen Financials plans to launch its own blockchain tech for banks in 2017. The largest China-based blockchain startup, Shanghai-based Juzhen raised $23m in September 2016 to target a similar demographic to Western startups Digital Asset Holdings and R3CEV. Since then, Juzhen has been actively working with the ChinaLedger blockchain consortium, as well as paying attention to developments from the West, including, its representatives said, the launch of Hyperledger's Fabric and R3's Corda products. Ada Xiao, Juzhen's director of overseas marketing, told CoinDesk: "We are designing our....
Ferdinando Ametrano, a professor at Politecnico di Milano, Italy’s largest tech university, recently criticized the blockchain hype revolving around banks in an interview at the Blockchain Money conference, describing the efforts of banks and financial institutions in creating a blockchain without a native digital currency as nonsensical. Over the past two years, the world’s largest banks and financial institutions have led the development of permissioned blockchain networks and enterprise-grade blockchains for cross-border payments and settlement of asset. Various research firms including....
Blythe Masters, the former JPMorgan executive who helped pioneer credit derivatives in the 1990s, has re-emerged as chief executive of Digital Asset Holdings. The Digital Asset Holdings is a venue for buyers and sellers of financial assets to meet and transact, switching currencies into bitcoin in order to cut the cost and time of settlement and make use of the decentralised Blockchain. Blythe Masters sits on the Top of blockchain technology startup Digital Asset Holdings, where she became the CEO in March. She spent 27 years at JPMorgan Chase, where she held some leadership positions,....