Various reports and the number of Blockchain use cases implemented suggest that the financial sector stands to gain the most from Blockchain-based service implementations. Some of the many use cases discussed below are to highlight only the most obvious use cases. Trade Finance In trade finance Stock and Share sale and purchase transactions that can sometimes take two to three day are made through brokers and exchanges for clearing and settlement it requires tedious processing through paper and electronic media. Each party including middlemen maintain their record of transactions or…
Article By Toufi Saliba & Forbes Technology Council Blockchain has yet to go mainstream, which isn’t at all surprising. However, maybe this can be changed because the promises of the blockchain are too good to pass on.There are thousands of blockchain projects in the world today, and while it can be difficult to tell which ones are capable of long-term success, it is possible because you can assess whether they are missing necessary elements in their current design (and many are).In security, there is a saying: “You are as strong as your weakest link.”…
Credits: Published by J.P. Morgan There is a growing realization that distributed ledger technology — popularly known as blockchain — will bring a radical shift in the way we think about financial assets and the way the financial industry will operate in the future. The blockchain journey is likely to be long and the outcome is uncertain, but a consensus is forming that it is the real deal. Disregarding it is a risk. In this joint report with management consultant Oliver Wyman, we argue that asset managers need to get…
By Jan Stepnov on ALTCOIN MAGAZINE Jan Stepnov Apr 8 As demand for cryptocurrency grows, global regulators are divided on how to keep up. Most digital currencies are not backed by any central government, meaning each country has different standards. Every seemingly small regulation announcement has driven the price of bitcoin and other cryptocurrencies in 2018. Most countries have more than one government body monitoring and regulating different aspects of crypto activities. Among the Asian countries, India is the only one with no legal mandate to directly regulate crypto assets. India Three regulators — the Reserve Bank…
cliBlockchain is most renowned as the underlying technology behind cryptocurrencies like Bitcoin. And while cryptocurrencies are already disrupting financial systems and creating seismic shifts in our economies, there’s an important part of the story that’s missing from the mainstream narrative, especially in Japan. And that is: How can blockchain technology be leveraged to solve the world’s most pressing social and environmental problems? And that’s exactly why we, Social Innovation Japan, organised Japan’s first-ever summit focused on Blockchain x Sustainable Development Goals (SDGs). The U.N. Sustainable Development Goals are a set…
