Transparent financial systems won't get real traction, blockchain exec argues
Anoma founder Adrian Brink pointed out that using a transparent system means that "your neighbor can see how much money you hold, what your daily preferences are.” As the conversation around privacy intensified with the recent Litecoin (LTC) upgrade called Mimblewimble and regulators’ reaction to the feature, Adrian Brink, the founder of blockchain protocol Anoma, weighed in on the topic and shared his perspectives to Cointelegraph. According to Brink, privacy is an essential tool for democracy because it prevents huge corporations from targeting people and segregating them into different....
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A new report from consulting and technology services firm Capgemini advises financial services firms that they can no longer "afford to ignore" blockchain technology. Released on 13th November, the paper argues that the blockchain and distributed ledgers have the potential to broadly impact traditional financial services providers. It proceeds to outline steps affected institutions can take to evaluate various platforms and players currently available. Overall, the report argues that traditional financial providers will look to the technology as a way to reduce costs related to data....
The bitcoin blockchain could hold the keys to reducing the cost of credit cards, money transfers and remittances, according to Standard Chartered chief innovation officer Anju Patwardhan. In a new LinkedIn post, Patwardhan outlined her views on the technology, suggesting that the true innovation behind bitcoin is its decentralized public ledger, the blockchain. Patwardhan dismissed the idea that bitcoin could become a viable alternative currency, inferring that she saw these developments in the space as a distraction that has taken attention away from the system's underlying benefits.....
Now that blockchain technology has been gaining more traction in terms of its practical applications, many experts have already commented on how it could transform the financial industry. Former JPMorgan executive Blythe Masters, who is now the CEO of blockchain technology firm Digital Asset Holdings, said that this could be used to help financial services institutions improve customer service. Masters also said that the first major application of blockchain could be in post-trade processing rather than payments, which has been mostly the realm of the cryptocurrency bitcoin. She added that....
Ralf Kubli said that smart contracts can create fractionalization agreements and divide plots of metaverse land that can be leased out individually. As metaverse land assets become more expensive, ownership becomes harder for normal users. Because of this, Ralf Kubli, Board Member at the Casper Association, argues that fractional ownership, similar to property loans in the real world, may gain traction within the virtual space through nonfungible tokens (NFTs). Kubli told Cointelegraph that understanding fractional ownership within the metaverse is very similar to the legacy property....
Align Commerce, San Francisco-based Blockchain payments processor announced the closure of a Series A funding round on Tuesday, November 17, with $12.5 million led by Kleiner Perkins. This marks the first time Venture Capital firm Kleiner Perkins Caufield & Byers (KPCB) has invested in a Bitcoin startup. Randy Komisar, KPCB general partner and co-founder of Claris Corp., who will also be joining Align’s board said: Align is a cross-border payments startup launched in January 2015 that allows its customers to use both traditional and blockchain financial opportunities for small and....