97% of Blockchain Startups are ‘Chainwashing’ – R3’s Tim Swanson
Chainwashing is the perfect term, coined by R3’s Tim Swanson to describe the current “Blockchain, not Bitcoin” hype that is hopefully nearing its peak. Peak Blockchain Hype? There is a lot of hype around Blockchain or Distributed Ledger Technology (DLT) today. According to a new survey by Synechron among 200 financial services business and IT decision-makers across the US, UK and Europe, over two-thirds (67%) of companies in the industry are actively pursuing blockchain initiatives. Moreover, 94%, believe that key leaders (board members) have bought into developing blockchain projects.....
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Blockchains without bitcoin? The idea has been swirling around in bitcoin conversations as of late. At the front of the conversation is blockchain consultant Tim Swanson who often injects skepticism into the space. He explained some of the details of permissioned blockchains and how that would work in last week's Epicenter Bitcoin, a podcast dedicated to cryptocurrency developments. “He's been making people very angry on Reddit,” said Epicenter host Brian Fabian Crain when introducing his guest. And, true to this description, Swanson's name topped the subreddit Sunday in a stab at his take....
Are public blockchains really a viable option for guaranteeing settlement finality for financial instruments? Tim Swanson, director of market research at R3, claims public blockchains by design cannot definitively guarantee settlement finality. For this reason, he says they are not presently a reliable option for clearing and settling financial instruments. Swanson aired his views on tabbforum in response to the view among some crypto enthusiasts and investors who see public blockchains as a settlement mechanism for financial instruments. Swanson claims they ignore the regulatory, legal....
Tim Swanson is a researcher who writing has appeared in Business Insider, CoinDesk, Let’s Talk Bitcoin, Cryptocoins News, Bitcoin Magazine and recently CoinTelegraph. We reached out to Swanson earlier this week to get his thoughts on what he calls cryptoledger technology, China and Bitcoin itself. CoinTelegraph: Can you tell us a bit about your background and what you are currently working on? Tim Swanson: Over the past six years, I worked in East Asia and primarily China. While I was initially an instructor at a couple of colleges, I ended up doing a lot of business development and market....
Bitcoin wallet provider Airbitz continues to close in on the release of buy-and-sell functionalities within its wallets interface. The Lead architect of the wallet, William Swanson, recently told CCN that the firm will soon offer the service around the globe through its partners. "Our US partner is bringing their service online and is in private Beta at the moment," Swanson said. "We will be able to switch on our in-app integration soon." The company also has a Eurozone partner ready to go. "We just need to hook up a bit of code," Swanson said. By offering this service through its....
Updated with additional comment from Tim Swanson. As many as 70% of all bitcoins in circulation have not moved in at least six months, according to data provided by Reddit user John Ratcliff. Ratcliff, a principal engineer at NVIDIA who in his spare time uses 3D tools to visualize blockchain analytics, published the new charts to provide the community with a better idea of how and when bitcoins have moved in recent months. Describing one of the charts, he said: "This graph shows, I believe, a reasonable measure of 'liquidity', in other words a measure of all bitcoins in existence, how many....