Innovation and experimentation: Spain’s blockchain sector in 2021
Development of the Spanish blockchain and cryptocurrency industries continued apace in 2021. In Spain, companies across various industries — not just digital finance — have begun to apply blockchain technology to their operations. This disruptive technology has promoted pioneering projects in the country that are expected to add 20 billion euros to Spanish gross domestic product by 2030.As expectations around this technology increased in Spain throughout 2021, so did investment, hype and concerns regarding the stability and regulation of digital assets.Here, we will take a look at some of....
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Amazon Web Services will partner with Digital Currency Group (DCG) on a platform that will allow companies to experiment with blockchain technology, according to Forbes. Blockchain providers in DCG’s portfolio will be able to work in a secure environment with financial institutions, enterprise technology companies and insurance companies. A blockchain can make financial services more efficient and more economical. The technology could potentially shrink the financial services industry as the software handles functions that middlemen currently execute. Scott Mullins, AWS head of worldwide....
Innovation occurs when the costs of iteration and experimentation reduce.
Amazon Web Services (AWS), the cloud computing business operated by Web commerce giant Amazon, is partnering with investment firm Digital Currency Group (DCG) to offer a blockchain experimentation environment for enterprises. In collaboration with the startups in the DCG portfolio, AWS will provide dedicated cloud infrastructure and technical support for those projects. The startups, along with DCG, will collaborate with enterprise businesses looking to explore and test different blockchain applications. Scott Mullins, head of worldwide financial services business development for AWS, said....
Telefónica partnered with Spain’s largest bitcoin exchange Bit2me to enable the new feature on its online tech marketplace.
Typically, financial institutions wait for a new technology to mature before investing in it. Blockchain technology, because of the impact it is expected to bring to the financial industry, is a different matter, as witnessed by the number of financial institutions investing in blockchain experimentation. Two Netherlands-based banks, Rabobank and ABN AMRO Bank N.V., are among the latest financial institutions to venture into blockchain-based solutions. Blockchain investment totals close to $1 billion, noted Arjan van Os, head of Innovation Centre, and Marjan van der Plas, innovation....