Search Results for: Distributed ledger technology
South African Fintech Firm to Launch Blockchain-based Identity Verification in 2017
December 27th, 2016
South African fintech company ThisIsMe (TIM), which focuses on identity verification, has announced that it will be adding blockchain technology to boost its services and is expected to go live in 2017. More companies are turning their attention to ...
The Central Bank of Finland explores possibilities of blockchain
December 2nd, 2016
The Bank of Finland organised today, in cooperation with the Ministry of Finance, a seminar on the possibilities offered by blockchain and distributed ledger technologies in various sectors of society. Seminar participants included leading researchers in the field and ...
Goldman Sachs Drops Out of R3 Blockchain Group
November 22nd, 2016
Goldman Sachs Group Inc. has dropped out of the R3 CEV LLC blockchain group. The investment bank was one of nine original members of R3, founded in 2014 to explore the use of the distributed database technology in Wall Street infrastructure. ...
SETL and Deloitte joined forces to produce a contactless payments card
November 15th, 2016
London-based fintech company SETL and global auditing firm Deloitte DLTE.UL have joined forces to produce a contactless card that enables retail payments to be processed and settled almost instantly by the means of blockchain technology. The payment card, which ...
IBM in blockchain project with China UnionPay
September 23rd, 2016
Another day, another blockchain project unveiled by a bank, technology company, or consultancy. IBM will join the fray this week by announcing a partnership with China UnionPay to let bank customers exchange bonus points in different loyalty schemes. Arguing that such ...
Goldman Sachs Files Blockchain Patent for Foreign Exchange Trading
September 19th, 2016
Goldman Sachs has submitted a patent application focusing on how blockchain could cut out the middle man with transaction costs, claiming that the technology could change the current process. The patent, “Systems and Methods for Updating a Distributed Ledger-Based ...
Bank of England to develop the next generation of Real-Time Gross Settlement (RTGS) for payments
September 19th, 2016
The Bank of England is consulting on the next generation of its Real-Time Gross Settlement (RTGS) service. RTGS is not a household name. But it lies at the heart of safeguarding the Bank’s mission for monetary and financial stability, ...
Man Who Introduced Millions to Bitcoin Says Blockchain Is a Bust
August 22nd, 2016
‘Blockchains are a pain to work with,’ says Stefan Thomas Tweaks require consensus, which he says slows progress Stefan Thomas, who introduced millions of people to bitcoin, has had a change of heart. Blockchain, the ledger software that makes ...
Banks and tech firms apply blockchain to trade finance
August 10th, 2016
An HSBC (HSBA.L) (0005.HK) and Bank of America Merrill Lynch (BAC.N) venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said ...
Innotribe expands at Sibos as innovation chat moves centre stage
August 8th, 2016
Innotribe, the innovation arm of Swift, is expanding its capacity at the messaging co-operative’s annual Sibos jamboree by 50%, but don’t expect any chat about distributed ledger technologies, which has now been swallowed up by the mainstream event. Reflecting ...
