Blockchain has quickly become the buzzword in fintech for 2017; Consensus 2017 took place this week in New York City...
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
One of India’s major banks, Federal Bank, has partnered with Ripple to create a blockchain based remittances product; India was...
Hyperledger has added seven new members bringing its total membership to 135; new members include CollectorIQ Inc., Korea Exchange, Shanghai Onechain Information Technology, Shenzhen Forms Syntron Information, The State of Illinois, The Netherlands Organization for applied scientific research (TNO) and 1worldblockchain; the new members will help to support the consortium's goal of developing blockchain solutions and creating an open standard for distributed ledgers. Source
With the recent hack of Equifax still top of mind for regulators and consumers alike, there are individuals beginning to explore potential solutions including blockchain technology; Bloom and Open Identity Exchange are working on protocols and standards that could be used by any entity to create an ID system on the blockchain; having such a system would allow for more security from hackers and help to verify individuals; while there are current limitations to the technology there are many groups looking to solve these issues and a potential government led initiative could speed up development. Source.
Blockchain Week New York, headlined by the Consensus 2018 conference, has wrapped up. There was more blockchain and cryptocurrency hype...
FnConn launched Chained Finance at LendIt USA 2017; the platform is built with blockchain technology and is intended to provide alternative loans for supply chain companies; Jack Lee, CEO of FnConn, says the platform has the potential to help improve supply chain finance in a number of ways specifically through greater cost efficiency from the use of blockchain; Chained Finance will be fueled through the support of FnConn's financial subsidiary Foxconn and P2P lender Dianrong. Source
The long awaited white paper for Facebook’s crypto project is out and the details show the social media giant borrowed...
This podcast features podcaster and author Laura Shin. She discusses the crypto space and her new book called The Cryptopians about the founding story of Ethereum and the ICO craze of 2017.
The G20 has released a new report titled, "The G20 Countries Should Engage with Blockchain Technologies to Build an Inclusive, Transparent, and Accountable Digital Economy for All"; report shares how the blockchain can play a role in strengthening the global economy and cross-border cooperation; according to the abstract, "The G20 must take decisive steps to harness this technology in service of its policy goals across the core focus areas of economic resilience, financial inclusion, taxation, trade and investment, employment, climate, health, sustainable development, and women's empowerment." Source