Category: BlockChainThe analysis published under this category are as follows.
Monday, April 03, 2017
Today, around 80% of banks are developing their own blockchain technology.
In September 2016, Barclays carried out the world’s first trade transaction using blockchain. They cut a process that normally takes 7–10 days down to less than four hours.
IBM is working with the government of Dubai to develop smart contracts that can facilitate all trade that passes through its port. This is huge, given $344 billion worth of goods passed through the port in 2016. Dubai’s government said it plans to shift all transactions to blockchain by 2020.Read full article... Read full article...
Wednesday, January 25, 2017
Blockchain – Central Banks Banking On Blockchain
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust …”
Satoshi Nakamoto (Unknown person or persons who designed bitcoin and created its original reference implementation, Bitcoin Core)Read full article... Read full article...
Thursday, December 01, 2016
Blockchain technology – What is it?
Latest developments – Royal Mint Gold & CME, Goldman Sachs and Santander
Why do we need it? It’s about value
Blockchain is an extension of economics
Blockchain allows us reduce uncertainty and risk
How will it change your life?