Posts in category

DLT


Shanghai Stock Exchange (SSE), one of the world’s largest securities trading venues by market capitalization, is eyeing the use of distributed ledger technology (DLT) in the securities market. The SSE published a research paper on Tuesday, which analyzed the use of DLT in various stages of a security transaction, such as the pre-trading customer registration, …

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For the first time, the U.K.’s financial regulator is directly recognizing the potential of blockchain-related startups. For the latest and fourth cohort of startups for its regulatory “sandbox,” the country’s Financial Conduct Authority (FCA) has given access to 11 blockchain and distributed ledger technology-related companies – almost 40 percent of the 29 accepted. The regulator …

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Yao Qian is the director-general of the Institute of Digital Money of the People’s Bank of China. This article represents his personal academic opinions and does not represent the opinions of the institution. Bookkeeping refers to the recording of economic data in account books. A ledger, therefore, is a book with a certain format based …

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Global trade is not just a question of moving merchandise from one point to another. Goods do need to move, but they do so through a web of intermediaries, each with distinct priorities and systems. Exporters, importers, banks, truckers, shippers, customs agents and regulators all require checks and verifications at various points along the chain, …

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Speaking to an audience in New York City on Thursday, Digital Asset CEO Blythe Masters and R3 founder and CEO David Rutter worked hard to cast their projects not as applications but as entire ecosystems for developers to build apps of their own. Rutter and Masters took the stage during the first session of the …

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The Bank of England, the U.K.’s central banking authority, is developing a proof-of-concept (PoC) examining how to maintain privacy over a distributed ledger-based network while still allowing a regulatory overview of the data. Partnering for the project with Chain, a blockchain startup that develops infrastructure protocols, the Bank of England released a paper on Wednesday setting …

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Singapore’s government is launching a challenge that will reward successful blockchain projects with funding. In an announcement Thursday, Singapore’s Infocomm Media Development Authority (IMDA) said the challenge aims to boost blockchain innovation as part of a wider goal of the digital transformation in the city state. According to the fact sheet for the challenge, the bureau …

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The Bank of England announced on Tuesday that it is undertaking a new proof-of-concept to explore the ways its planned real-time gross settlement (RTGS) system could connect with distributed ledger networks. The U.K. central bank first announced its intentions to develop a DLT-compatible service in 2017, having previously said that it wouldn’t move to base …

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A Chinese government body is considering creating national standards to boost the growth of blockchain and distributed ledger technology (DLT) in the country. According to an announcement released yesterday, the Ministry of Industry and Information Technology has already, as a first step, hosted a research seminar recently to discuss how such standards frameworks might be …

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South Africa’s central bank has launched a program that will trial JPMorgan’s Quorum blockchain potential in interbank clearing and settlement. According to an official statement dated Feb. 13, the South African Reserve Bank (SARB) revealed it has established a fintech program that will prioritize, among other things, a project dubbed Khokha to explore a proof-of-concept …

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Mark Rakhmilevich is Senior Director of Blockchain Product Management at Oracle. He’s working on Oracle Blockchain Cloud Service and guides enterprises, ISVs, and SIs in building blockchain applications and integrating enterprise systems with this platform. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. Talk to enterprise blockchain enthusiasts and they will …

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Magda Borowik is the special envoy for fintech to the Minister of Digital Affairs of the Republic of Poland and the director of technology research at FinTech Poland. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. The last couple of years were owned by the ‘fintech’ buzzword. From startups to investors to …

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A group of major financial firms including JPMorgan Chase and Goldman Sachs has conducted equity swaps over a distributed ledger (DLT) system. Using the AxCore distributed ledger platform from startup Axoni, the pilot – which also included BNP Paribas, Credit Suisse and Citi – saw the banks process equity swaps from start to finish. The …

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Distributed ledger startup Cobalt believes its technology can have wider applications than it was originally designed for. Set up to provide a platform for foreign exchange transactions, the startup is now spinning off part of its technology stack in a bid to make its immutable, shared database system more widely accessible to companies looking to …

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Government officials in the Baltics have struck an accord that includes a commitment to support the development of technologies like blockchain. In a newly released Memorandum of Understanding, the finance ministries for Estonia, Latvia and Lithuania agree to cooperate on a number of actions to expand and develop their economies – a process which, as the …

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Jim Cunha, senior vice president of the Federal Reserve Bank of Boston, has said that distributed ledger technology (DLT) could “fundamentally change” many areas of financial services. In an article on the Boston Fed’s website, Cunha spelled out that innovations using the technology might bring advantages in payments and beyond, saying. “DLT has the potential to …

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