What you need to know: According to Accenture, blockchain technology can help reduce infrastructure costs of the largest investment banks by as much as $12 billion each year by 2025. Large financial institutions and banks are now developing systems using the...
What you need to know: Qtum, a Singapore-based company, will try to merge the consensus system of ethereum and the transaction model of bitcoin. The new public blockchain appeals to distributed application developers who may have problems with either one or both of...
What you need to know: It is important for the business sector to maximize the potential and benefits of blockchain technology. Thus, The Bitfury Group, together with international law firm Covington, will launch the Global Blockchain Business Council, an organization...
What you need to know: HSBC has been the first bank in Hong Kong to launch an app that doesn’t require an account number to make payments. The app is currently on an Early Bird sign up process. This is similar to services like Paym in the UK and Venmo in the US....
What you need to know: In the future, central banks will have to use the blockchain-type system, which removes inefficiencies, and provides oversight and control. Private Banks can be participants in the blockchain. Physical remittance centers will also accept Bitcoin...
