Week Ending September 16, 2016

Three things to know

This week the U.S government endorsed blockchain, iOS 10 enabled P2P payments via a blockchain network, and Goldman Sachs is attempting to patent its FX trading processes.

In House Resolution 835, it was stated that “blockchain technology…has the potential to fundamentally change the manner in which trust and security are established in online transactions…”.  That is a great endorsement.  Remember, regulators met in July to discuss the rules that should apply to blockchain and their report is due to be published in October.  Hopefully, they are on the same page as the House. 

Moving north from D.C. to New York, Goldman Sachs believes their blockchain trading system for FX trading is unique enough to warrant a patent.  According to the article, the uniqueness of Goldman’s systems and methods reduce delays, maintain privacy, and lower costs relative to the current FX processes. 

Heading west to Silicon Valley is worth it for what I feel is a very significant development.  The iMessage system of Apple iOS 10 has integrated with Circle, the blockchain P2P payments firm.  Users of the application will be able to make safe, secure payments to friends (anyone really) as easily as sending a text message. 

These developments are positive for blockchain and demonstrate the acceptance and traction the technology is finding.  It really just leaves one question: has Apple been talking with the House of Representatives? 

US Government Sees the Benefits of Blockchain

Goldman Sachs Files Patent for FX Trading on a Blockchain

Circle Brings Blockchain Payments to iPhone with iOS 10 Update 

Weekly Blockchain  

Financial Services

Banks Uniting Over Blockchain

Blockchains May Raise Red Flags for Bank Regulators

Can the Blockchain Deliver Security to Banks Against Cyber Attacks?

Unprecedented Transparency Makes Bankers Rethink the Blockchain Banks find blockchain hard to put into practice

Circle Brings Blockchain Payments to iPhone with iOS 10 Update

RBA watching blockchain, but tap-and-go is where the action is

Decentralized Capital issuing fiat-backed digital assets on Ethereum blockchain

Goldman Sachs Files Patent for FX Trading on a Blockchain

Paxos is Making the Blockchain Revolution a Practical Reality
Blockchain payments startup Ripple raises $55 million

Blockchain Services Firm Claims Instant Cross-Border Payments

Global

Coinfirm, Bisnode Partner to Create Blockchain Finance Solutions

Blockchain Changes Business Model in European Energy Sector, Decentralized Power in View

BNP Paribas Joins the Blockchain Lab Legion

Australia leading international blockchain standards

IBM and Bank of Tokyo Start Blockchain Revolution in Banking, Aim for Complete Automation

Government

US Government Sees the Benefits of Blockchain

Uses and Applications

Blockchain Technology: Can Insurers Realize Its Promise?

Blockchain Is Getting into the Power Game

Blockfreight Wants to Put the Shipping Industry on the Blockchain

Music Platform Raises $2.5 Million for Blockchain-Based Music Rights Technology

Opportunity Rises Demand for Blockchain Courses

Cyber-attacks raise questions about blockchain security

Kyckr’s Corporate Identity Blockchain is Ready for commercialization

Blockchain provides ‘single source of truth’ for tuna supply chains

Blockchain Based Sports Game Wins Thomson Reuters HackETHon

Why the ‘Flash Boys’ Are Fighting Opaque Gold Markets with Blockchain

Apple Stirs Blockchain Controversy with App Store Removals

Blockchain Veterans Unveil Secure Smart Contracts Framework

Blockchain-Based Project ORB to Offer Cross-Gaming Capability

Thought Leadership

As Blockchain Identity Becomes Real, 2017 Will See an Explosion of Blockchain Profitability

The Blockchain: An Experiment in Governance Without Power

Remember Satoshi: Blockchain Economics and Law

Blockchain’s Invention Promises a Return to Pre-9/11 Optimism

IEEE Expert: Blockchain Needs to Prove Business Value
Bitcoin vs distributed ledger vs Ethereum vs blockchain

Beyond the electricity-guzzling, ‘failed’ blockchain experiment

Accenture Executive: Blockchain’s Immutability Its Own Worst Enemy

War for Artificial Intelligence: IBM’s Blockchain Push May Anticipate Google’s Ambush

Can Blockchain Be a Successful Remedy Against Populism?

Blockchain: What businesses need to know

Where does blockchain sit in the geospatial world?