In his keynote at JAX Finance, John Davies, co-founder and CTO of C24, a London-based fast data company specializing in high-volume, low-latency complex messaging, talked about the problem that blockchain solves, the technologies which use it and the industry sectors that are interested in this mechanism. He also answered the question ‘why are global banks investigating the use of blockchain in their applications?’
Bitcoin continues to hit the headlines as the price nears $600 and the halving is almost upon us. We talked to Henry Brade, the CEO of Prasos Oy, a Finnish Bitcoin startup founded in 2012, about the hike and the reasons why people should invest in bitcoins now.
Let’s call it a deja-vu. Bitcoin price passed the $500 threshold in late May, something which hasn’t happened in almost two years. Four days after the sudden boost, the price is still bigger than it was in August 2014 —the last hike—. Specialists are still trying to find the reason behind the unexpected increase, with some claiming that Chinese investors’ actions may have led to this dramatic surge.
The blockchain is on the verge of outshining Bitcoin but even though many industries have now focused their attention on this distributed database, we may have gotten ahead of ourselves because it seems that we lack a strong enough workforce of blockchain developers.
The Hyperledger Project has a new leader. Brian Behlendorf, the founder of the Apache Software Foundation and this initiative’s first executive director, spoke with JAXenter.com about his new role, what the future holds for the Hyperledger Project and what it’s like to work with the industry’s most appreciated people.
Even though blockchain is widely known as an element of Bitcoin, more and more people believe that its true value has not been fully tapped. IBM executive Jerry Cuomo is the latest person to praise the benefits of this distributed database and to urge government agencies to “become early adopters of blockchain applications.”
A new wave of bustle has hit the banking industry after a report showed that disruptive forces could change the face of this industry in the decade ahead. All bets are off now.
IBM has made almost 44,000 lines of code available to the Linux Foundation’s Hyperledger Project in order to help developers establish secure distributed ledgers which can be used to exchange most anything of value. In addition, it made a range of announcements regarding new blockchain services on the IBM Cloud, IBM Garages and enabling Internet of Things data on blockchain.
In the last part of our talk to Eric Horesnyi, a High Frequency Trading infrastructure expert and JAX Finance speaker, we put the equal sign between blockchain and the FinTech movement and we look at all the actors that are affected by the blurry line between finance and technology, including citizens and developers.