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London Blockchain Week • January 20-26, 2017

London Blockchain Week kicks off with a Hackathon, followed by a two-day conference on Bitcoin, Blockchain and Distributed Ledger Technology…

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Category: Tech

Major European Banks Form Blockchain-based Digital Trade Chain Consortium

Category: Business, Finance, News, Tech

Major European Banks Form Blockchain-based Digital Trade Chain Consortium

Seven of Europe’s largest lenders have created a consortium to collaborate on a new blockchain-based supply chain management and trade finance platform called ‘Digital Trade Chain.’ Digital Trade Chain (DTC) is the brainchild of Belgian banking group KBC, which has been working on the proof-of-concept throughout 2016 and was awarded the EFMA Accenture Innovation Award for best new service of...

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1nd Alpha Release: Lightning Network Open to Developer Testing

Category: Bitcoin, News, Tech

1nd Alpha Release: Lightning Network Open to Developer Testing

The Lightning Network has always been seen as a solution to help alleviate the scalability problems we have seen in Bitcoin as daily transactions continue to rise. Due to the fixed block size of 1MB, Bitcoin can only handle seven transactions per second. Implementation of lightning would enable off-chain transactions with minimal fees and immediate confirmations. Talked extensively with some...

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Why the German Energy Industry Started to Love the Blockchain

Category: Business, News, Tech

Why the German Energy Industry Started to Love the Blockchain

The German energy industry has caught Blockchain fever. More than 50 percent of the companies are planning a Blockchain project. But what do the energy companies expect from the technology? How do they think it will disrupt their industry? In this article, we will take a look at the ideas that are circulating and the first projects. In most countries...

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IBM Watson and FDA to Secure Medical Data with the Blockchain

Category: Business, News, Tech

IBM Watson and FDA to Secure Medical Data with the Blockchain

IBM Watson Health is joining forces with the Food and Drug Administration (FDA) to apply blockchain technology to improve the public healthcare system. This initiative, announced January 10, is focused on creating a more efficient, secure and scalable interchange of health data by incorporating the use of blockchain technology. Both the IBM and FDA plan to explore the interchange of...

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Sweden's Blockchain Land Registry Testnet Arrives March 2017

Category: Commentary, News, Tech

Sweden's Blockchain Land Registry Testnet Arrives March 2017

Sweden will launch a testnet for managing the nation's real estate with smart contracts and blockchain technology in March 2017. Lantmäteriet, the Swedish National Land Survey, along with blockchain startup ChromaWay are leading this public/private collaboration with support from consulting firm Kairos Future, and telephone service provider Telia. Recently, two banks specializing in mortgages, Landshypotek and SBAB, have also added...

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DTCC to Rebuild Credit Default Swaps Clearing Platform on the Blockchain

Category: Finance, News, Tech

DTCC to Rebuild Credit Default Swaps Clearing Platform on the Blockchain

Despite the initial skepticism about Bitcoin on Wall Street, it is now commonly accepted that its underlying distributed ledger technology will play a significant role in the future of financial services. The blockchain's importance has again been reiterated on January 9 when the Depository Trust & Clearing Corporation (DTCC) announced that it would rebuild its credit default swaps clearing platform...

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European Regulation Takes a Major Step Toward Identifying Bitcoin Users

Category: Bitcoin, News, Tech

European Regulation Takes a Major Step Toward Identifying Bitcoin Users

The Council of the EU confirms the plans of the Commission to regulate both exchanges and wallet providers; this is a major step to an EU-wide regulation of the Bitcoin industry due June 2017. There has been no sign ever that any terrorist in the whole world has ever used cryptocurrencies. But this does not stop European politicians to propose...

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Three Hurdles Bitcoin Must Overcome in 2017

Category: Bitcoin, Commentary, News, Tech

Three Hurdles Bitcoin Must Overcome in 2017

Bitcoin entered the New Year with a bull run reaching a peak around the $1140 level, briefly reaching parity with gold before crashing 30 percent, and recovering to around the $900 mark. For Bitcoin to continue growing regarding adoption, use, and consequently price, it must overcome the following hurdles; namely, centralization, fungibility, and scalability. Centralization and Scalability More than ever,...

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Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

Category: Bitcoin, Commentary, Ethereum, News, Tech

Proof of Work Flaws: Ethereum Lays Out Proof of Stake Philosophy

From December 4, the bitcoin price was $749.99 and increased to a high of $1120.51 on January 6, settling around $880 at the time of writing. This continuous increase of the price of ‘digital gold’ has been attracting people around the globe to mine Bitcoin. Since mining provides an opportunity for people to create income, they are incentivized to facilitate...

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Major Banks Enter Blockchain Patent War, Led by Former R3 Members

Category: Business, News, Tech

Major Banks Enter Blockchain Patent War, Led by Former R3 Members

Major multi-billion dollar banks and financial institutions have begun to compete with one another regarding patent registry. Leaders of the global financial industry including Goldman Sachs and Bank of America have assembled a series of patents necessary to commercialize the blockchain. Marc Kaufman, a fintech intellectual property specialist at global law firm Reed Smith, revealed that around 356 blockchain-related patents...

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