Tag "distributed ledger technology"

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Blockchain Use Cases in Financial Services

Blockchain has become a buzzword in the financial services industry, attracting billions in venture capital investment from some of the largest firms across the financial services landscape. Originally developed as the technology underlying Bitcoin, blockchain has quickly risen to fame

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MAS Conclusion about Distributed Ledger Technology in Securities Settlement and Cross Border Payments

The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the proof-of-concept project to conduct domestic inter-bank payments using distributed ledger technology (DLT). The project, in partnership with R3 and a consortium of financial institutions, was first announced on 16

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Blockchain To Cause A ‘Profound Technological Shift’ In Banking, Insurance, And Beyond

Poised to transform the financial sector by increasing efficiency, transparency and security, blockchain technology could reduce banks’ infrastructure costs by US$15 – 20 billion per year by 2022, an opportunity that all major banks and financial institutions are eager to

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SWIFT and Accenture Identify Key Factors for Blockchain Tech Wide Adoption

Although blockchain holds many promises for the financial services industry, the technology will need to overcome many challenges before reaching wide adoption, according to a new paper by SWIFT and Accenture. The paper, which aims at formalizing SWIFT’s position on

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Landscape of Blockchain Companies in Financial Services

In November 2008, a paper was posted on the Internet under the name Satoshi Nakamoto titled ‘bitcoin: A Peer-to-Peer Electronic Cash System’ that detailed methods of using a peer-to-peer network to generate what was described as “a system for electronic

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Top 10 Southeast Asian Blockchain, Bitcoin Startups

The bitcoin craze has gone well beyond the US and Europe. In Africa, startups such as BitPesa are revolutionizing the remittance market, enabling cheap and fast money transfers. In South America, bitcoin firm BitINKA announced in June its plans to

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