Search Results for: bitcoin transactions
Blockchain shows great promise to improve accounting issues
December 29th, 2016
While blockchain tech is poised to disrupt a wide variety of industries, it is also poised to dramatically impact those professions that serve all industries. One area that appears primed for massive change is the accounting field. Here, the ...
Japanese MegaBank Mizuho Tests its Own Digital Currency
December 8th, 2016
Japanese banking giant Mizuho has tested its digital currency developed in partnership with IBM Japan to reduce costs of money transfers, a report has revealed. The Mizuho Financial Group-IBM partnership announced earlier this year has seen successful testing of ...
The second country in the world to develop a National Digital Currency
December 1st, 2016
Senegal has recently become only the second country in the world to introduce a digital currency based on blockchain technology. Named eCFA, the digital currency will be legal tender just as the current currency, CFA Franc, is. Senegal’s eCFA ...
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 ...
Blockchain applied for the first time in a global transaction
October 24th, 2016
Blockchain, the technology behind digital currency bitcoin and now being used to simplify secure financial transactions, has been applied for the first time in a deal facilitated by an Australian bank to sell cotton to China. The Commonwealth Bank ...
Blockchain platform developed by Banks to be Open-Source
October 23rd, 2016
A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology. The Corda platform has ...
Deloitte likes blockchain for loyalty rewards programmes
October 13th, 2016
Big four consultancy firm Deloitte has published a report examining how loyalty rewards programmes can be optimised by blockchain-based technology. Customer loyalty programs are not realising their full potential due to low client retention and redemption rates, time delays, ...
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 ...
Coinbase Adds Ethereum; Plans to Support Any Cryptocurrency With Potential
September 19th, 2016
Coinbase, one of the largest Bitcoin wallet service providers and cryptocurrency trading platforms, has added support for Ethereum as a part of its initiative to integrate more cryptocurrencies in the near future that carry massive potential. Brian Armstrong, the ...
