The blockchain has a bit of an identity crisis. Everyone who is anyone in financial services knows what it is, and there is broad consensus at this point that it will play a very important role in financial services. Yet few can really articulate how...
While blockchain technology can be tough to regulate, it is making small strides into mainstream use. Some countries are timid about venturing into blockchain due to its tough-to-regulate persona. As such, this has traditionally made it difficult to take mainstream and implement in an impactful...
In blockchain news, the technology may be on the verge of falling like dominos into widespread commercial use. While many outlets have reported on the difficulties of applying blockchain across industries, implementation issues are mostly due to regulations. Comprised of a technology that can be edited...
Providing physical of identity (IDs) may soon become a thing of the past. While it’s not entirely possible to have the correct identification within reach at all times, there may be a new way to certify someone’s identity without the need to produce papers or...
The insurance industry has now moved full force into the use of blockchain. In a joint announcement, American International Group Inc. (AIG), IBM and Standard Chartered Bank have shared news of initiating the first multinational smart contract, utilizing blockchain technology, for firms that need a multinational...
Blockchain technology may be used widely in the financial services industry, but that doesn’t necessarily mean it will see a smooth transition into the retail sector. It certainly provides transparency among all parties, but the rapid speed with which eCommerce has accelerated processing payments may...
The R3 consortium, the distributed ledger technology group, has raised $107 million from roughly half of its members, marking the largest funding round for the technology. According to a report, SBI Group, Bank of America Merrill Lynch and HSBC led the investment, which included more...
Stratumn, the blockchain startup, has raised €7 million in a new round of venture funding. According to a report, the Series A funding round was led by CNP Ventures with participation from Nasdaq, Digital Currency Group and Otium Venture. More than a year ago, the...
Blockchain could have an impact on the economy — is Russia leading the way with its current investments? With eCommerce transactions moving at the speed of light, the ability to have transparency between parties is likely crucial to preventing security breaches. When executives in the finance...
