IBM and Crédit Mutuel Arkéa announced today the completion of their first blockchain project to improve the bank's ability to verify customer identity. The result of this successful pilot is an operational permissioned blockchain network that provides a view of customer identity to enable compliance with Know Your Customer (KYC) requirements. This demonstrates the disruptive capabilities of blockchain technology beyond common transaction-... more
IBM plans to establish the first IBM Center for Blockchain Innovation in Singapore.
Infoteria Corporation and Tech Bureau Corporation have successfully transferred loan and deposit account data in the main system of BC Finance, one of the largest microfinance institutions in Myanmar, to mijin (*1), the private blockchain (*2) placed on Microsoft Azure (*3) using ASTERIA WARP (*4) and mijin adapters (*5).
Mizuho Financial Group and IBM to Pilot Blockchain Technology into Settlements with Virtual Currency
Mizuho Financial Group and IBM reported a test of the potential of blockchain for use in settlements with virtual currency. By incorporating blockchain technology into settlements with virtual currency, Mizuho will explore how payments can be instantaneously swapped, potentially leading to new financial services based on this rapidly evolving technology. The pilot project uses the open source code IBM contributed to the Hyperledger Project.
Euroclear and itBit, a financial services company delivering blockchain services for capital markets, today announced their collaboration to explore opportunities in creating a next generation settlement service for the London gold market.
ASX Limited (ASX) today announced that it has selected US-based firm Digital Asset Holdings, LLC (Digital Asset) to develop solutions for the Australian market utilising Distributed Ledger Technology.
PwC today announced it is launching a Long Finance research project into the potential of blockchain technology in wholesale insurance.
Synechron, Inc., a global consulting and technology innovator in the financial services industry, today released the results of a survey conducted by the TABB Group for Synechron on the potential of blockchain and artificial intelligence (AI) in financial services. The survey was conducted with 92 banking and capital markets institutions, with executives that are directly involved with technology decisions at their firm. The major findings are... more
Expertus and Ripple, today announced that they have launched a Pilot Program for Financial Institutions that want to test the capabilities of blockchain and Ripple distributed financial technology. The Pilot Program offers financial institutions a lean way to test blockchain technology with minimal business process disruption and integration effort. The solution can be integrated into the bank’s existing payments infrastructure without the need... more
SETL, the institutional payment and settlement infrastructure based on blockchain technology, has today announced the launch of its blockchain-powered OpenCSD platform. The OpenCSD platform, SETL’s first commercial offering, enables any market participant to commission and run a permissioned registry service for payments, settlement and clearing of cash and other financial instruments. The platform is available today and powered by the SETL... more
Santander is pleased to be the first UK bank to introduce Blockchain technology which facilitates international payments, through a new app. It is currently being rolled out as a staff pilot, with the intention to expand the technology at a later date.
On May 19, 2016 Blockchain & Bitcoin Conference Prague - the second annual conference dedicated to cryptocurrency and blockchain technology took place in the Czech Republic. In 2016 to the conference former name (Bitcoin Conference) the word ‘Blockchain’ was added, since it is data structure blocks that developers, investors and financial institutions have focused on. The conference was divided into three parts, dedicated to cryptocurrency... more
On 20 April 2016, 1,200 financial services professionals gathered at the Tobacco Dock in London for SWIFT’s annual Business Forum London (BFL). Focused on ‘Building the Future of Financial Services’, the event featured keynote presentations and interactive panel sessions, with live audience polling that addressed some of the key challenges facing the industry, such as the application of distributed ledger technology (DLT) in financial services.
ISITC Europe, the industry group dedicated to improving the operational efficiency of the capital markets industry, has held its first General Meeting of 2016. The meeting – the trade body’s first since its relaunch and the appointment of new CEO Nigel Solkhon – was a success, with over a hundred attendees from across the financial sector convening to discuss the theme of “How is the securities market responding to digital and regulatory... more