Week Ending October 14, 2016
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, among them is personal digital identification. This, of course, is the private key and public key that a person will receive when personal information is added to blockchain. In healthcare, the blockchain will enable consumers to have a complete history of their health in one place and under their control. In financial services, multiple accounts can securely be managed from one primary location.
As for the timing of more commonplace blockchain applications, one estimate of real-world application timing is 2Q17/3Q17, according to the head of the blockchain initiative at Credit Suisse. From the clearing and settlement at the Australian stock exchange to storing credit default swap information at Depository Trust and Clearing Corporation, blockchain is being made ready for prime time.
Many believe that the key catalyst to dramatically accelerate the adoption and use of blockchain is when a central bank applies it to fiat currency. The question – again – is timing. Some believe that it could be a solid ten years before central banks shift to blockchain. However, one insightful estimate from an industry-insider places central bank adoption within five years.
Blockchain is becoming more commonplace and by all accounts its use will accelerate through not only the next few years, but through the next decade. Hang on.
Central Banks Explore Blockchains: Why Digital Dollars, Pounds or Yuan Could Be a Reality in 5 …
Fed’s Brainard sees blockchain as revolutionary, but still to prove itself
Blockchain starts transition from hype to everyday use in markets
Digital IDs will revolutionize your health and banking
Stake your financial life on blockchain?
Industry Report: Lawyers Defending Digital Currency Users
Financial institutions investigate Blockchain in leading investment fund country
Blockchain and the Rise of Peer-to-Peer Power Markets
Is CoinsBank The ‘New Bank’ On The Blockchain?
Credit Unions Turn to Blockchain Amid Increasing Competition
Momentum Grows for Blockchain Gold Markets with ‘Big Four’ Partnership
Wells Fargo Develops Blockchain Banking Prototype
Banks could save billions in mortgage loan costs by adopting blockchain-based smart contracts …
Blockchain: unlocking its potential in commercial banking
In India, 95 per cent of the transactions are still in cash: Rob Reeg
Spanish Electricity Giant Endesa is Harnessing Blockchain Tech
Nasdaq to Share Its Blockchain Tech with the Hong Kong Stock Exchange
Estonia’s Funderbeam is building a blockchain-based “stock exchange” for startups
Emirates, ICICI Complete Cross-Border Blockchain Transaction
UN Considers Blockchain in Search for Sustainability Solutions
Indian Bank ICICI Executes Blockchain Remittance Pilot
Russian Payments Service Provider Qiwi Joins R3Blockchain Consortium
Blockchain Revolution in Russia: Bank of Russia Tests Masterchain
What Could Legislation Do for Bitcoin in the US?
Even the US military is looking at blockchain technology—to secure nuclear weapons
Uses and Applications
Hyperledger Blockchain Project Isn’t About Bitcoin
New Blockchain Social Media Platform Speaks with a Russian ‘Voice’
How blockchain can change the music industry
TechCrunch Creates a New Series on Cryptocurrencies and Blockchain Technology
A blockchain implementation in 200 lines of code
BitTorrent Project WebTorrent Taps Bitcoin and Blockchain
This Blockchain Startup Can Become Greater Than IBM, Oracle and Palantir Combined
Blockchain plus 3D printing equals smart manufacturing and Ethereum you can touch
Why Tech Giant Ericsson Wants Blockchain ‘Fingerprints’ in the Cloud
Using Blockchain to Protect Against Data Tampering
Blockchain-based Internet of Things project does drone deliveries using Ethereum
Blockchain and Identity Verification: Anonymity Versus Trusted Participant
Should Cloud Storage Companies Beware the Blockchain
Moving at blockchain breakneck speed
Bruce Fenton: Onecoin Has No Value, When It Collapses, Regulators Will Blame All …
Blockchain or Don’t Blockchain?
Payments & Marijuana: Different Ways the Blockchain Is Being Used Today
Avoiding blockchain patent wars and reducing IP risk in the DLT ecosystem
Is Blockchain Beating Bitcoin? TechCrunch’s New Series Weighs in
Blockchain publications that should be on your reading list – How many can you check?
Blockchain and the Key to Future Success
The blockchain is on the rise in the fourth episode of Bitcoin and the Blockchain
Double Standards: The Coming Push for Blockchain Interoperability
Trust Disrupted: Bitcoin and the Blockchain episode 5 explores the most exciting blockchain …
FINTECH: A Flare for making blockchain scalable
Could Bitcoin Be the Future of Blockchain Post Trade?