Do Banks Even Want to Go Blockchain?

On June 18, Carlos Torres, CEO of Spanish bank BBVA, declared that blockchain is “not mature” and faces major challenges. During the past month, blockchain’s effectiveness and maturity were also questioned by players as big as the Bank of Canada (BoC), the Russian Central Bank, and DNB, the Central Bank of the Netherlands. While blockchain can indeed improve the effectiveness of cross-border payments and cut the costs by eliminating the…

Walmart Awarded Patent for Blockchain-Based Medical Records System

U.S. retail giant Walmart has been awarded a patent for a system that would store medical records on a blockchain from a wearable device, according to a patent filing published by the U.S. Patent and Trademark Office. The system, according to the document, will allow medical professionals to retrieve medical data from a patient that is unable to communicate. The patient’s medical records will theoretically be stored on a blockchain,…

Mobile Meets Blockchain And The World Moves Again On Its Axis

The etymology of ‘blockchain-washing’ can probably be tracked back to a Gartner report at the end of 2016, when the phrase was used to describe the practice of putting blockchain in front of an existing product to make it more relevant and ‘modern’. Whether it’s a startup looking for an investment or a listed company on a stock exchange changing its name to include blockchain,  blockchain-washing has become widespread in the…

The Downside of Democracy (and What it Means for Blockchain Governance)

Taylor Pearson is the author of “The End of Jobs” and writes about entrepreneurship and blockchain technologies at TaylorPearson.me. Following acrimonious debates within the bitcoin and ethereum communities over the past few years regarding governance decisions that ended in forks, there has been a wave of projects offering on-chain governance. This is a system for deciding on changes to public blockchain protocols using formalized governance mechanisms encoded in the blockchain, rather…

Korean Government to Lead 6 Blockchain Pilots With $9 Million Fund

The South Korean government will invest 10 billion Korean won (or $9 million) to support blockchain development in the country, with plans to carry out six pilots using blockchain technology. According to a report from CoinDesk Korea, the country’s Ministry of Science and ICT published a blockchain development strategy on Thursday. The agency said the government plans to invest $9 million in total until the end of 2019 as part of the country’s…

Tencent, Chinese Officials Partner to Fight Blockchain Crime

Technology giant Tencent is teaming up with the Chinese government to fight blockchain-related security issues. The firm’s vice president, Bin Ma, announced the formation of the China Blockchain Security Alliance during the China Blockchain Security Forum in Beijing on Thursday, according to a report from ChinaNews, a state-owned media outlet. The forum, hosted by the government-backed China Technology Market Association (CTMA), aimed to unite organizations to protect “the healthy development of…

Enterprise Blockchain Technologies — Part Two

Shutterstock When it comes to blockchain, there are numerous questions about the technology, including ones about smart contracts and distributed ledger technology. I’ve already discussed blockchain, but I’d like talk about smart contracts before I get deeper into the numerous options available for enterprise blockchain technology. Smart contracts are, as the name suggests, an agreement between buyers or information providers and sellers or receivers which executes automatically as soon as…

HIVE Blockchain: The Mining Company Providing The Backbone For Cryptocurrency

Photo courtesy of HIVE Blockchain (Top to Bottom): Co-Founder Marco Streng, CEO Harry Pokrandt and Chairman Frank Holmes It’s no secret that the Bitcoin boom has rapidly evolved to transform the way we imagine global currency in a digital world. As cryptocurrency continues becoming a normalized alternative to cash, coins and credit cards — more merchants are accepting this digital money as a viable payment method. Bitcoin transactions are made…

When It Comes To Adopting Blockchain Technology, Education Leads To Utilization

Shutterstock Blockchain technology — the distributed ledger database that started with the Bitcoin blockchain in 2009, but nearly 10 years later has spawned innovation through the creation of innumerable blockchains, both private and public around the world — has captured our collective attention. Blockchain technology has the ability to streamline functions, make processes more efficient, and create peer-to-peer marketplaces. As enterprise technology projects continue to be announced, many wonder what…

Nasdaq Blockchain Trial Resolves Margin Calls 'in Minutes'

A group of industry stakeholders has developed a blockchain platform to transfer collateral to central counterparties when trading securities.  Stock exchange operator Nasdaq announced Tuesday that its clearing arm, along with securities services provider ABN AMRO Clearing and financial services firms EuroCCP and Euroclear, have developed a joint proof-of-concept (PoC) blockchain platform.  The aim, according to a press release, is to cover margin calls – a need to deposit funds…