Credit Suisse is leading a blockchain project seeking to develop a blockchain-based platform for syndicated loans; Emmanuel Aidoo from Credit Suisse is leading the project which began last fall and is expected to launch in 2018; the platform would involve more efficient processing of syndicated loans which involve multiple lenders providing capital to a corporate borrower; the parties involved believe that a blockchain-based syndicated loan platform could increase deal flow by reducing costs and processing time, making syndicated loans a more attractive investment for lenders. Source
Cryptix AG takes a holistic approach to building the “people's financial marketplace,” benefiting all, based on blockchain technology.
Brazil has established its central bank as the primary regulator of the crypto economy, potentially a first step toward broader regulation.
Professional services firm, Deloitte, has made its first investment in a blockchain company; Deloitte has invested an undisclosed amount in blockchain startup SETL; SETL and Deloitte recently partnered on the successful use of blockchain technology with Metro Bank payment cards; in regards to the investment and partnership with SETL, Deloitte's CEO Peter Randall said, "Together, we have the opportunity to offer a unique blockchain service to a range of financial services companies." Source
Deloitte has identified the need for developing auditing standards for blockchain as the technology becomes increasingly tested and utilized across all industries; the firm has checked blockchain protocols and applications against professional auditing standards in a project that audited an internally developed loyalty points blockchain application on a permissioned Ethereum network; the firm is currently seeking to be a market leader in defining how an auditor can provide audited assurance of blockchain applications. Source
CU Ledger is a consortium of credit unions which is now testing out IBM’s Hyperledger Fabric solution; according to Coindesk,...
The Finanser’s Chris Skinner argues that cryptocurrencies are not currencies, at least not yet. There are simply not enough merchants...
TradFi's adoption of DeFi infrastructure is ongoing, despite its negative press. Could this mean mainstream integration is close?
Deloitte surveyed 308 senior executives at companies with revenue of $500 million or more to gain a better understanding of the corporate market's blockchain technology positioning; survey finds widespread interest across all industries; 61% of surveyed respondents had broad to expert knowledge of blockchain and the majority of these respondents said blockchain adoption would be important for their business; while attention for blockchain innovation has mainly been focused on the financial services industry, Deloitte's survey finds significant innovation and progression across multiple industries; most notably, the consumer products and manufacturing industries have reported the greatest number of patent filings, with 38% of respondents reporting blockchain patents filed by their company. Source
All the market drama surrounding plunging cryptocurrency values in 2018 took the focus off of the real progress blockchain technology made...