Three things to know This was another big week for Blockchain news, particularly in Healthcare, Energy, and Global. Here in the U.S., Overstock issued 126,000 common shares via Blockchain, marking the first equity issuance done on Blockchain. CEO Patrick Byrne referred to the issuance as a “Sputnik moment”, meaning that it is mostly a symbolic […]
Three things to know This was a big week for Illinois as both the State and a major Chicago-based trading firm announced new Blockchain initiatives. In healthcare, Blockchain medical records move closer to reality through a Gates Foundation grant. The State of Illinois announced the Illinois Blockchain Initiative, a combination of five government agencies that […]
Three things to know Goldman Sachs, Santander, Morgan Stanley and National Australia Bank are leaving the Blockchain consortium R3. As of Friday, there were unconfirmed reports that US Bancorp, JP Morgan, and Macquarie also plan to exit R3. Some reports describe the reasons for leaving as being unable to agree on terms of the next […]
Three things to know The Central banks of China, Singapore, and Ukraine have each announced a plan to develop a national digital currency. The reasons each has chosen to do so are similar; digital currencies transacted via a Blockchain network increase security, lowers costs, and increases transparency. Singapore called out the traditional model of correspondent […]
Three things to know This week’s focus is on the equity markets, as two countries develop equity exchanges using Blockchain infrastructure. Also, a survey of capital markets done by Deutsche Bank is highlighted. The first stock exchange to be constructed solely for Blockchain is expected to go live in 2017. ScotEx, a group made up […]
Three things to know The development of Blockchain continues to broaden and deepen. In Japan, banks are forming a consortium for cross-border payments. Walmart has had such a good experience applying Blockchain to its global supply chain for pork products that the company is expanding its use to other products. The potential issue everyone may […]
Three things to know Competition is heating up in the $30 trillion cross-border payments market, with Visa, Swift, and a dozen global banks led by Ripple, all announcing new Blockchain payments initiatives. The current system, by all accounts, is slow, expensive, and has limited security. For example, it takes between 3 to 5 days and […]
Three things to know Once again there is another full week of Blockchain news from around the world. Global financial institutions are accelerating Blockchain application and new consortiums are being formed to develop Blockchain. Outside of financial services, Blockchain is being put to use in energy, entertainment, and the military. This week our focus is […]
Three things to know Real world blockchain applications are becoming more common and this trend is likely to continue accelerating over the next five years. Financial services will definitely not be the only industry using blockchain, as a broad and varied set of applications have been identified. Blockchain brings a unique set of personal benefits, […]