Tokens For Time: BNY's Blockchain Lead Explores Concept With Pet Project
"The level of experimentation that’s now possible ... it’s just incredible." So says Alex Batlin, global blockchain lead for BNY Mellon, in a conversation about a new personal experiment he’s working on dubbed the 'Alex Batlin Time Token'. While not an official project tied to his duties for BNY, it’s undoubtedly an offshoot of his work with the firm, having spearheaded blockchain testing while at UBS as well. The idea is fairly straightforward. Batlin created a token via the ethereum network, each of which represents a liability against a certain amount of his time. If you want Batlin to....
Related News
At a working group meeting of the Hyperledger blockchain project today, a representative for global professional services company Accenture pitched the early phases of a project designed to fight the spread of counterfeit drugs using blockchain technology. The details came during a meeting of the initiative's working group focused on project requirements. Accenture's connected devices software lead Primrose Mbanefo, who works with its Internet of Things business development team and helps produce some of the company’s proofs-of-concept, described how more efficient tracking of medicines....
The new project saw forty major banks to verify a system for the trading of fixed income using blockchain technology. Several dozen banks and other financial institutions are focusing their attention on incorporating distributed ledger technology in their existing infrastructure. While there are several different ways to use the blockchain for economic needs, one of the first projects to be thoroughly tested comes in the form of bond trading using distributed ledgers. This concept will be an interesting test for the capabilities of R3 CEV as a blockchain consortium. Many people have been....
The blockchain could dramatically change corporate governance by reducing legal insider trading and making shareholder voting more reliable, according to a new report published by the National Bureau of Economic Research (NBER). Authored by New York University (NYU) professor David Yermack, the second working paper by the US non-profit explores how the widespread adoption of distributed ledgers could impact investors, shareholders, auditors and other participants in corporate governance. Citing recent proofs-of-concept at major stock exchanges, the NBER paper explores a future where....
Governance tokens allow users the opportunity to take on a more active role in managing decentralized projects. Governance tokens are a type of cryptocurrency that allow tokenholders to vote on the direction of a blockchain project. The primary purpose of governance tokens is to decentralize decision-making and to give holders a say in how the project is run.Governance tokenholders are usually more invested in the project’s success as they stand to gain or lose more, depending on the outcome. Community members can use tokens to influence the direction and features of a blockchain protocol....
A lot of people have been keeping an eye on the Plutus project, which will enable cryptocurrency payments near any NFC terminal. The team behind Plutus has started their Pluton crowdsale and posted some details as to how the process will work. There has been a lot of focus on the Plutus concept as of late, as well as its underlying PlutusDEX exchange,....