How smart regulation can improve the future of blockchain
Regulatory bodies must evolve with the markets they regulate, and when it comes to the crypto market, it becomes especially important. With extreme positions on both sides, some would have us believe that decentralized technology and regulation are mutually exclusive. As pervasive as that narrative has become, a more evolved view is that both decentralization and regulation are inevitable, so the best results will flow with regulators and innovators coming together. But what will that cooperation look like?At the Stellar Development Foundation, our view is that regulators and innovators....
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Hackers are soon going to be the new lawyers as the adoption of smart contracts increase in the near future. The advent of Blockchain 2.0 and Blockchain 3.0 has given rise to new ways of automation using Bitcoin’s underlying technology. There are special cryptocurrency platforms like Ethereum, Rootstock, Counterparty, Lisk and more that allows people to create smart contracts on the blockchain. These smart contracts enable automation by allowing developers to set trigger conditions. These trigger conditions are certain prerequisites, when met, will execute the function programmed on the....
Is it possible to build a sustainable IoT-powered smart city of the future, one that doesn’t have all the dystopian side effects? You might have heard the term “smart city” before — a futuristic, utopian idea that we might see implemented in the foreseeable future. Indeed, some metropolises — like Singapore, Seoul, Amsterdam, Oslo and Tokyo — are already on their way to becoming “smart.” So, what makes a city smart? That label is still quite abstract and might entail different meanings, but if you go the boring route and actually Google it, you’ll come across this unified definition: an....
Per an official post, the Securities Association of China held a symposium to improve their securities industry via the application of blockchain technology and smart contracts. The Asian giant has shown hostility towards the crypto industry, banning Bitcoin miners and shutting down companies for crypto-related transactions, as Bitcoinist has reported. However, there is a different […]
Blockchain technology has garnered a lot of attention in the financial world, as the decentralized public ledger could transform the way the industry keeps records or handles transactions. Several banks all over the world are trying to explore the applications of blockchain technology in their internal operations while some forward-looking companies such as Overstock have experimented with the bitcoin-related technology in securities clearing. For blockchain-based private security company Symbiont, blockchain technology could spell the future of Wall Street through 'smart securities' or....
During his talk at IDX Derivatives Expo in London, Alex Batlin, Director in UBS's technology innovation, research and development team shed some light on what the financial institution has been working on in their innovation lab: smart-bonds on the Bitcoin blockchain. International Financing Review Asia (IFR Asia) reported that the smart-bonds were described by Batlin as bonds where "risk-free interest rates and payment streams were fully automated, creating a self-paying instrument.""The key attraction is that there is no middle or back office, and no registry, so clearly a major impact....