Week ending November 4, 2016

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 run into is there simply aren’t enough people with Blockchain development skills.

In Japan, 42 regional banks have joined a consortium to develop Blockchain infrastructure for cross-border payments.  The infrastructure will be built using the Ripple protocol and a proof of concept is now being developed and is expected to be completed in 2017.  While not explicitly stated, among the goals that have often been mentioned by those developing a new cross-border payments infrastructure is to provide lower cost options to the Swift network. 

Walmart had first developed a Blockchain to better manage and track the shipment of perishable pork products from China. Based on the success of that initial trial, Walmart is now expanding its use of Blockchain to other areas of its global supply chain.  The giant retailer is using Blockchain to improve product safety, freshness, and quality.  In doing so, the company expects to increase the trust and confidence consumers have in its food products. 

Not so fast my friend.  Exactly who is going to do all this development?  Per William Mougayar, as of mid-2016 there were only about 5,000 developers in the world that were focused on “writing software for cryptocurrency, Bitcoin, or Blockchain in general”.   This is a very small portion of the 9 million Java developers and the total number of software developers which is approximately 18.5 million.  

Alright, I must go now. I’m taking my kids to a Blockchain code class.

42 Banks Join Blockchain Consortium in Japan

Walmart Expands Blockchain Further Across Supply Chain

The Blockchain Developer Shortage: Emerging Trends and Perspectives by: Michael Scott

Weekly Blockchain

Financial Services
US Bank Regulator Charts Path for Blockchain Startup Oversight

Standard & Poor’s Gives a Breather to Smaller Institutions on Blockchain Implementation

A Wake-Up Call for Banks: Blockchain Is Here

Nine out of 10 commercial banks exploring blockchain for payments, survey finds
Credit Card Giant MasterCard Releases ‘Experimental’ Blockchain APIs

MasterCard pushes ahead into blockchain tech

How blockchain is transforming trade finance

Blockchain May Solve Capital Markets’ Internal Reconciliation Problems

Big financial firms to embrace blockchain technology in trade processes
 is empowering the future of insurance

Blockchain: Banking, FSI and Insurance Disrupted


Scottish stock exchange to use blockchain technology

For Blockchain Innovators, Switzerland’s ‘Crypto Valley’ is No New York

EU Legislators Advance Plan to Fund Blockchain Research

UK’s Nimbrix to Roll Out New Blockchain Platform in a Deal with KPMG and Microsoft

P2P content distributor DECENT expands to Asia and Europe

Thai Bank Tests Blockchain For Recordkeeping

Blockchain Trading Sees Securities Exchange Trial in Myanmar

Indian Bank ICICI Constantly Looking at Blockchain, says CEO

Australian Regulator: Blockchain Acquisitions Could Face Scrutiny

Blockchain to revolutionize UAE’s financial services

Why blockchain is set to revolutionize the UAE’s financial services sector

Why Israel’s Banks Will Unite Over Blockchain

SA banks successfully swap asset via blockchain network


Legislating Bitcoin: Blockchain Technology in Government 

Uses and Applications

Americans Are Already Voting on Blockchain

Blockchain Technologies Corp. Releases Web App That Allows Voters to Report Incidents at the …

Weed Growers Are Racing to Register Their Strains on the Bitcoin Blockchain

Medicinal Genomics Puts Mary Jane on Blockchain

Serving up a better burger: How IoT and blockchain will reinvent the global supply chain

Taology: How the Blockchain Works for Creators in the Music Industry

Blockchain, a disruptive technology, transforms the world of fashion.

It’s too easy to lift images. Here’s a blockchain-powered solution for proper attribution

IBM Trials Blockchain For Supply Chain Dispute Resolution

Blockchain-enabled open science framework

Blockchain prevents data security nightmares
 Startup TamTam Eyes Trillion Dollar Travel Industry Offering ‘Crypto’

Hyperledger Eyes Mobile Blockchain Apps With ‘Iroha’ Project
The Zcash Blockchain is Now Live

Blockchain wallet Jaxx integrates Zcash

There are now Certified Ethereum Developers on its Blockchain

How to Raise Money on a Blockchain with a Token

Thought Leadership

Blockchain: The Hottest Disruptor in Fintech

Blockchain and the technology diffusion cycle

Authoritative misinformation: blockchain and the humor of bad predictions

Blockchain could help fix IoT security after DDoS attack

Zcash, Blockstack, and appcoins, oh my!

How TumbleBit Builds on CoinSwap To Improve Bitcoin Privacy and Fungibility

Blockchain and smart contracts Technology in IoT applications

Why Blockchain’s growing pains will be worth it

Bitcoin & Blockchain: A better understanding

Full ‘steem’ ahead for blockchain

Wall Street’s blockchain obsession hasn’t produced a global revolution so far, just a lot more …

3 Reasons Hyperledger Has Blockchain’s Best Development Model

What’s Blocking Blockchain?

Tendermint: Consensus, Cosmos and the ‘internet of blockchains’

Viva Las Vegas – but what about blockchain?

What are the hurdles facing a blockchain enabled future?

Why Blockchain Fails (and When It Will Succeed)

Blockchain: The Building Blocks of New Cultural Distribution