The Depository Trust and Clearing Corporation, a firm which offers back-end trading services to countless Wall Street companies, announced plans to replace one of its central databases with a distributed ledger technology (DLT) framework. The project will not use Bitcoin’s blockchain —instead, it is building a distributed ledger which will be open exclusively to invited parties.
Blockchain adoption is gaining momentum not only in banking but also in the enterprise. The first sign that 2016 was going to be a good year for blockchain was the amount of money invested into blockchain companies: almost $300 million in the first half of 2016. The second sign was that blockchain consortia began to spring up like mushrooms after the rain. But will it be smooth sailing from here on?
IBM is actively trying to lure developers into the blockchain world. The giant believes that blockchain “has the potential to transform the way industries conduct business transactions” but that can only happen if industry players work together and allow businesses to benefit from the network effect of this technology.
Bitcoin Black Friday is fast approaching — Bitcoin enthusiasts will soon have the chance to buy all sorts of things with this cryptocurrency including video games, web hosting, computers etc. We talked to the founder of Bitcoin Black Friday, Jon Holmquist, about his quest to provide a foil to Bitcoin’s negative brand image and the evolution of this cryptocurrency.
A few months ago, the World Economic Forum claimed in a report that blockchain can become the future of FinTech. After a plethora of banks decided to give blockchain a chance, it’s IT companies’ turn to become blockchain believers.
Who said one cannot mix blockchain with Ethereum? Mega-bank JP Morgan is developing a blockchain onto Ethereum which would enable it to make use of a publicly available system for private transactions. In short, Quorum is trying to bring together two imperfect concepts and solve the problems that prevent them from truly going mainstream.
The blockchain technology is the perfect recipe for disruption. If only the FinTechs and banks learned to play nice. A new report sheds some light on blockchain’s limitations and points out that this technology is not “a magic potion for everything.” Learn all about the obstacles that prevent the blockchain technology from being implemented across all industries.
[Bit]coin flipping: “Future applications of blockchain will likely include artificial intelligence and bots”
September saw the launch of the Blockchain Alliance for Good (Bisgit.IoV) – a free membership organization aimed at boosting the usage of blockchain technology to generate good social and environmental solutions. The Alliance unites blockchain enthusiasts from around the world and provides them with a springboard for “good” innovations. We talked to Barbara Mellish, president of Blockchain Alliance for Good, about the future of blockchain, the industries where blockchain activity may flourish and the need to revolutionize this technology.
The discussion about blockchain’s adoption is gaining momentum, but where are we now? How far are we from seeing blockchain in all industries and how can we help speed up the process? We talked to Brian Behlendorf, Executive Director of the Hyperledger Project about all this and more.
Blockchain is one of the hottest topics in the world of FinTech, but can it become the engine of financial firms? The World Economic Forum says “yes”.
The Bitcoin economy has gone from an early prototype stage to a second one characterized by gambling and black markets and finally to a third stage which steers away from “sin” and toward legitimate enterprises. This is the conclusion of a research paper titled “The Evolution of the Bitcoin Economy: Extracting and Analyzing the Network of Payment Relationships.”
Blockchain in the field of finance is no news —but blockchain in healthcare is. This industry is in dire need of both optimization and boosted efficiency, and blockchain solutions may be the answer. If you have an idea how to put blockchain to good use in healthcare, you’re in luck: there’s a contest that rewards the best ideas.
Each Monday we take a step back and analyze what has happened in the previous week. Last week we witnessed the birth of AngularDart, the release of IntelliJ IDEA 2016.2.1 and the reassurance that Java maintains its dominant position over other JVM languages. We learned why blockchain may outgrow Bitcoin and we discovered that microservices may not become a default architecture.