TagDistributed ledger technology

ECB Unveils Instant Payment System, Claims It's 'Better' than Blockchain

And from a central bank no less. The world is just recognizing the countless applications of blockchain technology, not to mention the speed, security and simplicity at which transactions can be completed, and Yves Mersch of Luxembourg has suggested he's got something that can run circles around it. Mersch, an executive board member of the European Central Bank (ECB), told Bloomberg the...

The Oil Industry Drills into the Blockchain

The historic and paper-intensive ways of the oil industry are due for an upgrade, especially amid heightened demand for the commodity. Some of the biggest names in oil transport are leading the charge for the integration of blockchain in an industry that is ripe for distributed ledger technology given its dependence on contracts for its mere existence. Oil transport involves ships known as...

Warren Buffett-Owned Railroad Joins Blockchain Transport Consortium

It may be the closest the billionaire investor ever gets to bitcoin. Berkshire Hathaway-owned BNSF, a US and Canadian railway based in Ft. Worth, Texas, is the newest member of the Blockchain in Transport Alliance (BiTA), which is comprised of 200-plus freight and logistics plays that are interested in incorporating distributed ledger technology into their industry. While blockchain is the tech...

IOTA Partners Healthcare Providers for Blockchain Research in Norway

Since 2016, the IOTA Foundation has been leading a concentrated effort to apply its Tangle distributed ledger network to the public sector, with a strong focus on eHealth. Now, in partnership with leading Norwegian healthcare providers such as Olso Medtech, the Norwegian Centre for E-Health Research, and Oslo Cancer Cluster, the IOTA Foundation and Alpha Venturi are working together to form a new...

Is Blockchain the Answer to Preventing Cybercrime?

Director of Edgar, Dunn & Company, the management consultants, asks the question, can blockchain or distributed ledger technologies combat cybercrime in financial systems? As director of EDC’s London office, Samee Zafar has advised some of the biggest financial services organizations in Europe and North America focusing on competitive strategy, operations, and technology. With his expertise...

Law Experts: Why Banks Are Scared of Blockchain

Banks

According to law experts in South Africa, most banks are scared of blockchain for its power to disrupt their sector. A Senior Associate at Norton Rose Fulbright in Johannesburg, Nerushka Bowan, said the adoption of blockchain among banks has the potential to disrupt the global banking industry. Using the blockchain technology and its digital distributed ledger to confirm batches of transactions...

R3, 15 Consortium Members Complete Prototypes on Using Smart Contracts for Trade Finance

R3

The R3 consortium has disclosed that it has worked with over 15 of its member banks to complete two distributed ledger technology prototypes. They demonstrate how the technology can address the key challenges facing the $45 billion global trade finance industry. R3 is a financial innovation firm that leads a consortium partnership with over 50 of the world's leading financial institutions. These...

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