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
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
Blockchain 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
Blockchain 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
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
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