Search Results for: blockchain technology
ASX still committed to blockchain after CEO’s departure
March 30th, 2016
ASX has reaffirmed its commitment to developing a Bitcoin-like settlement system that could replace its lucrative post-trade services business after the man who championed the technology, Elmer Funke Kupper, quit as chief executive this week. ASX executive chairman Rick ...
IBM blockchain leader Jerry Cuomo using ‘shadowchains’ to launch moonshots
March 28th, 2016
IBM has been building momentum behind blockchain by championing the Linux Foundation’s Hyperleder Project and creating its own Open Blockchain (OBC) among other things. IBM’s vice president of blockchain Jerry Cuomo, who recently gave testimony before US Congress about ...
Deloitte Predicts Rise in Blockchain-Based Payments
March 22nd, 2016
Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. The Banking Industry Outlookreport estimates that blockchain-based payment systems could equal the volume of the United States’ Automated Clearing ...
Financial services group based in Japan will Join Blockchain Consortium R3
March 15th, 2016
SBI Holdings, Inc. (Head Office: Minato-ku, Tokyo; Representative Director and CEO: Yoshitaka Kitao; “SBIH”) hereby announces that it will join blockchain consortium R3 led by R3 CEV LLC (Head Office: New York City, New York State, U.S.; CEO: David ...
Mizuho Bank and Fujitsu Trial Blockchain to Streamline Cross-Border Securities Transaction Settlements
March 9th, 2016
Mizuho Bank, Ltd., Fujitsu Limited, and Fujitsu Laboratories Ltd. today announced that they have jointly conducted an operational trial using blockchain technology (*1), which makes it practically impossible to tamper with transaction histories, to shorten the processing time for ...
KPMG: Blockchain Could Be ‘Antidote’ to High Cost of Regulation
March 8th, 2016
As institutional interest in blockchain technology increases with bullish market predictions, professional services firms have been among a new wave of companies seeking to adapt existing products and services for the market. To date, Deloitte and PwC have been perhaps the most aggressive ...
Deloitte Highlights Israel’s Rise as ‘Blockchain Hotspot’
March 4th, 2016
A new report from global professional services firm Deloitte focuses on Israel’s development into a blockchain hub, outlining the work of a number of startups working on distributed ledger solutions across a variety of industries. “The country’s unique experience with FinTech, cyber and ...
Bitcoin Technology Tested In Trial By 40 Big Banks
March 3rd, 2016
The technology behind Bitcoin is starting to make progress on Wall Street. By December, financial technology company R3 CEV had brought together a consortium of 42 banks to create standards and protocols for using blockchain technology in financial services. ...
Nasdaq Selected to Support ASX in Post-Trade Technology Overhaul
March 2nd, 2016
ASX to replace equities and equity options clearing platforms with Genium INET Nasdaq to build CCP clearing capability ASX’s clearinghouses now managing real-time risk with Nasdaq’s post-trade risk technology Nasdaq (Nasdaq: NDAQ) and Australian Securities Exchange (ASX) have announced ...
KRX seeks share trading through blockchain
March 1st, 2016
Korea’s bourse operator said Monday that it is seeking to launch a platform powered by blockchain technology to invigorate the off-board trading market. The Korea Exchange (KRX) has begun “preliminary steps” to introduce the new platform linking sellers and ...
