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.
If the organization can give the IT team a tool that is useful to them and their role, and satisfy data governance requirements while, at the same time, meeting the requirements of finance and accounting professionals, the enterprise can achieve a win-win for all parties and, in so doing, ensure that everyone has the information they need to do their jobs.
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 has broken its own record as the price has been trading above $500 for six consecutive months. Its volatility has always been a real deal-breaker but it seems that the overall positive sentiment is fuelling global bitcoin adoption.
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.
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.
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”.
According to a recent article written by the International Monetary Fund’s Andreas Adriano and Hunter Monroe, blockchain “may end up helping” banks despite its original ‘no banks involved’ policy. We talked to Spiros Margaris, one of the top social influencers in FinTech, about the future of blockchain and Bitcoin and the former’s long-term benefits.
In the opening keynote at JAX Finance, Eric Horesnyi talked about the actors that lead the change in the FinTech movement and the so-called industry disruptors. He invited the participants on a journey to discover what’s under the hood of this ongoing revolution and to debunk some myths concerning the future of banking and the culture of unicorns.
Eric Horesnyi, CEO of StreamData.IO and speaker at this year’s JAX Finance, spoke to JAXenter editor Gabriela Motroc about unicorns and their disruptive label, the vilification of the FinTech movement and companies’ new obsession for UX.
David M. Brear, renowned speaker and one of the top FinTech influencers to follow in 2016, believes that banks can and should put the current technological innovations to good use. We talked to Mr Brear about the FinTech movement’s “disruptive” label and whether banks will “evolve or die.”
We are in the middle of a “FinTech” revolution right now with much interest in the finance domain and how we can use technology to disrupt both incumbents and business models. We talked to JAX Finance speaker Dr. Jamie Allsop about the problem of finance, where we are today, how we got here and how we might make sense of it all.