"The difficulty is coming up with a way to have consensus between different people on the database, so everyone agrees what’s on it. That’s the real innovation that was created. That’s where th... Read More
Here's a paradox.
Cascarilla says: "You’re appealing to the enlightened self-interest. Everyone wants to have a similar database to the other. It doesn’t cost you that much to run a data... Read More
Transactions over the blockchain are also much faster than working through existing systems, so counterparty risk — the risk that the person you're trading with goes bust before you complete ... Read More
Cascarilla says: "In the financial system you don’t actually know because it’s all moving around and there’s many days of settlement risk and it’s very hard to track the actual beneficial own... Read More
Since last August, Nabi has also been a member of a working group looking at how the technology that underpins bitcoin — blockchain — can be used in the post-trade stage of banking: clearing, ... Read More
UK Government Lures Distributed Ledger Projects With $26 Million Fund
The United Kingdom’s technology development arm, Innovate UK, is doubling down on its support for blockchain-based technologies, it announced on Jan. 22.
The nondepartmental public office said it w
Bitcoin Forking Madness Could Result in 50 Splits This Year
Bitcoin is all the rage — but is it worth the risk?
UN Forms Blockchain Coalition to Fight Climate Change
The United Nations is increasing its efforts to promote applications of blockchain technology to further action on climate change.
In a Jan. 22 blog post, the U.N. announced that it has helped laun