BNP, EY Complete Blockchain Trial for Internal Treasury Operations

BNP Paribas and “Big Four” accounting firm EY are taking aim at back-office costs with their latest blockchain work. Announced today, the two companies completed a trial aimed at investigating whether private blockchain technology could improve the bank’s global internal treasury operations. The blockchain was put through internal testing by BNP’s ALM Treasury department earlier… Continue reading BNP, EY Complete Blockchain Trial for Internal Treasury Operations

Goldman and Google Are Among the Most Active Blockchain Investors

Lloyd Blankfein last week tweeted that he’s “still thinking about #Bitcoin,” but the bank he leads is doing more than just thinking about the technology that underpins the cryptocurrency. Goldman Sachs Group Inc. is the fifth most active corporate blockchain investor, with involvement in four companies focused on the distributed-ledger technology since 2012, according to… Continue reading Goldman and Google Are Among the Most Active Blockchain Investors

Standard Chartered Joins EquiChain’s Capital Markets Blockchain Pilot

Multinational banking firm Standard Chartered has inked a year-long partnership deal with fintech startup EquiChain to join its blockchain pilot focused on bringing efficiencies to the capital markets. In a statement, U.K.-based Standard Chartered said it will be the first custodian to join EquiChain’s user group for the prototype platform. Using blockchain technology to enable… Continue reading Standard Chartered Joins EquiChain’s Capital Markets Blockchain Pilot

IMF Looking at How Blockchain Technology Can Revolutionize the Banking Industry

The International Monetary Fund urges banks to pursue blockchain investment before they face irrelevancy in the face of a competing fintech industry. A staff discussion note from June 2017 provides evidence of the IMFs position on cryptocurrencies, as they move to adapt and promote adoption. The Director of the IMF Christine Lagarde has previously praised… Continue reading IMF Looking at How Blockchain Technology Can Revolutionize the Banking Industry

Blockchain and Digital Artwork

Blockchain and artwork; the perfect match? Combining blockchain with digital artwork to verify uniqueness of the artwork. Once a blockchain is used to verify/certify ownership and uniqueness of a specific piece of digital artwork this automatically adds value to the blockchain. It’s a win-win situation for digital artwork and blockchain, both providing a benefit to… Continue reading Blockchain and Digital Artwork

Crypto-Conservation: EcoBit’s 30-Year Plan Shows Blockchain Means Business

Possibly the most ambitious attempt at Blockchain conservation is about to launch with the completion of EcoBit’s ICO. As Blockchain technology enters the mainstream, use cases are continually expanding beyond the uber-technical to embrace and seek to resolve some of the world’s major challenges. In terms of environmental welfare, traditional schemes face a constant battle… Continue reading Crypto-Conservation: EcoBit’s 30-Year Plan Shows Blockchain Means Business

TaaS Audit Completed By Grant Thornton LLP, Given The All Clear

An independent audit of blockchain fund TaaS’s token offering performed by Grant Thornton LLP found no malicious behavior. Announced May 31, 2017, an independent audit for a token offering from blockchain fund Token-as-a-Service, or TaaS, is complete. Accounting and consulting company Grant Thornton LLP performed the audit. TaaS was developed with a profit-sharing mechanism built… Continue reading TaaS Audit Completed By Grant Thornton LLP, Given The All Clear