What you need to know: The Bank of Tokyo-Mitsubishi UFJ is working on a proof of concept to digitalise their checks process, from issuing, through transfer to collection. This can work well to reduce settlement times, reduce back office processing and to reduce crime...
What you need to know: China successfully completes its blockchain-based digital currency trial. China could have the first central bank that issues a digital currency. This could not only upgrade domestic and cross-border RMB payment systems, but also significantly...
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...
