“What we’ve achieved is the friction-less transfer of collateral assets on an instantaneous basis,” stated JPMorgan’s global head of trading services Ben Challice.
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Category: Private Blockchain
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Private, public and consortium blockchains: The differences explained
There are three main types of blockchain technology: public, private and consortium blockchains, each of which has specific pros, cons and ideal uses.
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It’s 2019 and IBM Is Still Trying to Find a Use Case for Blockchain
IBM claims that six banks will issue stablecoins using its World Wire protocol which is based on the Stellar network. According to the tech giant, three banks have publicly committed to the initiative, and the remainder will reveal themselves soon. The announcement joins the resurgence of blockchain razzmatazz this year that feels eerily similar to […]
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Nouriel Roubini Attacks Blockchain in Latest Rant
NYU economics professor Nouriel Roubini, commonly known as Dr. Doom in mainstream financial media circles, is a long-established Bitcoin and cryptocurrency skeptic. In his latest rant he focuses on blockchain technology and the people promoting it. Also Read: Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern Greedy White Men Roubini, who […]
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Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern
A new report from Greenwich Associates, a provider of market intelligence and advisory services to the financial services industry, tries to answer the question: “Why have the tech and financial industries lagged their own blockchain expectations?” It identifies technical challenges as causing corporations to fail to deliver on the hype they created around a buzzword […]
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Details of Iran’s National Cryptocurrency Unveiled
Iran has been developing a national cryptocurrency, a move that could allow them to evade US economic sanctions. Informatics Services Corporations, the country’s leading provider of banking systems, has reportedly been designing and developing the cryptocurrency and has now revealed its features. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Built on Hyperledger Informatics […]
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China’s PBOC Governor Speaks Against Speculative Cryptocurrencies
This week the People’s Bank of China (PBOC) governor, Zhou Xiaochuan, spoke about both public and privately issued cryptocurrencies. Zhou details that the central bank dislikes “speculative cryptocurrency products” and the bank does not officially recognize digital currencies like bitcoin. Further Zhou explains the bank is monitoring projects like bitcoin and initial coin offerings (ICO), […]
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