In banking and finance, only 4% of professionals consider themselves familiar with blockchain technology. However, 56% of them recognize its growing importance. (PwC: How Fintech is Reshaping Financial Services) This summer reading list is intended to familiarize newcomers with blockchain technology, and help everybody catch up as blockchain is poised to go commercial. The Introductory … More A Summer Reading List for blockchain
Blockchain contains what everyone in data management, from data scientist to chief data officer (CDO), wants: Information that comes with complete provenance. That is data showing who did what, when and with full history from day one. Verified by all parties participating in the network, transparent, with complete reconciliation, and secured by the latest in … More Blockchains and Data Management
The World Economic Forum (WEF) recently published a report titled “the Future of Financial Services” that looks at how disruptive innovations are reshaping the structuring, provisioning, and consumption of financial services. In the report. cryptocurrencies and blockchain technologies featured as a major part of a set of innovations that will present challenges for financial services stakeholders … More Banks + Cryptocurrencies = True?
This year has seen a massive growth in curiosity about blockchain technology in both the world of finance and technology, and especially from those who are interested in both. Millions of dollars has been invested in various blockchain project, and have created a new category of technology: blockchain as a service. Almost every major financial … More Analysing the Ethereum/Microsoft BaaS solution
The most eyecatching story coming out of the Ethereum DEVCON1 conference held in November, was definitely the announcement that Microsoft and ConsenSys are partnering to offer Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure. This partnership will allow enterprise clients and developers to have a single click cloud based blockchain developer environment, where they … More Ethereum, the blockchain ecosystem of the future?
The “central banker’s central bank” is backing blockchain technology The Bank for International Settlements (BIS), an organization whose membership consists of the central banks of 60 nations. Their goal is to “fosters international monetary and financial cooperation and serve as a bank for central banks”. The 23rd November, the BIS committee on payments and market infrastructures … More The road towards technological and regulatory frameworks emerge
If creating smart contracts are the key to facilitating all sorts of value trade on “blockchain 2.0”, what are then the next big evolution, or “blockchain 3.0”? As it turns out, there are various ideas for blockchain applications for IoT and smart systems. When applied to Internet of Things, the concept of blockchain can open … More Blockchain and the Internet of Things
“What happens when we can send each other money cheaply, instantly, and anywhere in the world? What happens when decentralized networks and smart contracts eliminate scores of middlemen, reduce the the cost of doing business, and bridge regional markets? What happens when the very idea of money, value, and payments is flipped on its head … More Why fast payment matters
Being familiar with the concept of “smart contracts is paramount” to understanding how the “blockchain 2.0” will be used to handle all sorts of value transactions in the future. A general definition of a smart contract would be a computer program that can automatically execute the terms of a contract. By being self-executing and having … More Understanding “smart contracts”
2015 have already been named “the year of the blockchain” by financial services experts, such as Chris Skinner. This weeks main story in the Economist is titled: “The trust machine, The promise of the blockchain”. They also published a more extensive piece called: “The great chain of being sure about things” These two are definitely … More The trust machine: Economist writes about blockchain technology