R3 Director: 2017 is the Year of the DLT Pilot
While DLT technologies are moving slowly toward production, an executive from blockchain consortium R3 is hinting that this might not be the defining trend for enterprises this year. In remarks yesterday at CoinDesk’s developer conference, Construct 2017, R3 associate director and former Credit Suisse blockchain architect, Clemens Wan, predicted that 2017 will be defined by DLT pilots, while 2018 will see the technology migrate to production. The comments come just months after the open-source release of its custom distributed ledger technology (DLT), Corda, became a part of the Linux....
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Microsoft is projecting that a blockchain proof-of-concept developed with Australian travel agency Webjet will move to the pilot stage in 2017. Speaking at CoinDesk's annual developer conference, Construct 2017, Microsoft senior software development engineer Cale Teeter and technical architect Eric Maino said that they expect the project, which aims to facilitate travel bookings via a blockchain-based system, will attain its new development status within the coming months. "Webjet wanted to see, instead of everyone running their own proprietary systems, a system that connects....
In an announcement today, South Korea’s Financial Services Commission (FSC) – the country’s primary financial regulatory and authority – has revealed its plan to launch a blockchain-powered pilot project for financial services this year. While details are scarce, a report by local publication Korea Herald points to implementing blockchain technology as the core infrastructure for a sweeping financial services platform. The announcement comes just over a month after the formation of South Korea’s first blockchain consortium. A group of 21 financial investment companies and five blockchain....
If 2016 was the year of the Blockchain POC, 2017 will be the year of the Blockchain application. In 2016, analyst firms and industry bodies such as the World Economic Forum (WEF) laid out the top use cases to tackle. According to 2017, work from industry leaders like ConsenSys, a custom software consultancy led by Ethereum founder Joe Lubin, indicates that 2017 will be the year of the Blockchain application. In order to accelerate the development of Blockchain applications, ConsenSys joined forces with Synechron, a global digital consulting firm working with financial institutions, to....
The Commodity Futures Trading Commission (CFTC) said on Tuesday Division of Enforcement Director James McDonald will depart the agency this Thursday, Oct. 8. McDonald has served as director of Enforcement since April 2017.
The Central Bank of Nigeria will start the pilot of its central bank digital currency, which runs on the Hyperledger Fabric blockchain, on October 1. For much of 2021, the Central Bank of Nigeria (CBN) has been in the headlines for its anti-cryptocurrency measures. Yet, the institution has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear date for the pilot scheme of its blockchain-powered central bank digital currency (CBDC).On October 1, CBN will reportedly launch a pilot scheme for “GIANT” – a CBDC project in development....