Property firm behind one of London’s most iconic sites says blockchain will ‘absolutely’ have a role

  • Blockchain technology will “absolutely” have a function in Landsec’s business, the CEO of the U.K.’s largest property firm told CNBC on Tuesday.
  • When asked if blockchain technology would be used in this part of the business, Chief Executive Robert Noel replied in the affirmative.
  • “Absolutely… If you look at the way what we provide, which is services to business, and those services are around contract, anything that speeds up archaic land law, and contract law, and leasing law, etcetera, will be welcomed,” Noel told CNBC in a TV interview.
  • Blockchain is the underlying technology behind the cryptocurrency bitcoin.
  • Blockchain is also called distributed ledger technology and refers to a method of decentralizing processes.

Blockchain or distributed ledger technology could play a role in the contract process for Landsec.
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HPE Will Now Sell ‘Blockchain 2.0’ for Cars, Banks and Planes

HPE Will Now Sell #blockchain 2.0 for Cars, Banks and Planes

  • The new offering, which HPE launches Friday, is billed as “blockchain as a service,” and it’s unique in that it offers major enterprise customers, such as banks, the ability to use the technology on a larger scale than is currently possible with popular blockchains like Bitcoin and Ethereum.
  • The company said it would begin selling its Mission Critical distributed ledger technology, or DLT, publicly starting next year, providing the hardware for enterprises that want to run their own blockchain operations or working with clients to implement blockchain in the cloud.
  • HPE’s version, on the other hand, built around the Corda ledger–a bank-suitable blockchain alternative developed by the financial consortium R3–keeps the records private, so parties can only see their transactions with an authorized counterpart.
  • HPE would not name the clients it has landed so far, but other Fortune 500 companies including and last month launched their own blockchains for processing payments without the swipe of a credit card or other traditional means.
  • To make blockchain feasible for airplane data, manufacturers’ supply chain records and potentially central bank payments, though, requires “certain functions that meet a level of mission criticality” including speed and privacy: “You’re betting your business on this distributed ledger thing, this blockchain thing,” Davison says.

“We believe blockchain will be as fundamental to technology as the Internet.”
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Is Blockchain the Future of Fin-Tech?

  • Here are a few reasons why the Blockchain technology could really be the future of Financial Technology (FinTech): – – Part of the reason why the Blockchain technology is considered innovative is its ability to completely diminish the need for a central management system or a central authority.
  • However, more and more companies and institutions are realizing the true potentials of the Blockchain technology, which goes beyond the application of currencies.
  • Many Blockchain projects are helping people around the world to easily utilize and integrate the Blockchain technology into their existing financial data-keeping and data-recording systems.
  • Financial applications such as Bitcoin on the Blockchain technology simply diminishes the need for a physical bank around to open a bank account and send or receive money.
  • Although it is true that the technology is still in its early beta stages with limited use cases within the Cryptocurrency industry, many projects are being introduced to help expand the use of this innovative technology.

The ever-increasing popularity of Cryptocurrencies has also helped shed light on what is known as the Blockchain technology. It is what helps decentraliz…
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Hong Kong and Singapore sign fintech deal, agree to work together on blockchain

Two Asian powerhouses sign fintech deal, agree to collaborate on blockchain

  • Hong Kong and Singapore have agreed to cooperate on a cross-border trade project based on blockchain technology as part of a broader joint strategy on financial technology.
  • The two Asian powerhouses’ central banks signed a fintech deal Wednesday to collaborate on a number of projects including business innovation, data sharing and exchange of expertise.
  • “Hong Kong and Singapore are the two leading international financial centers in the region and are actively deploying fintech,” Norman Chan, chief executive of the Hong Kong Monetary Authority (HKMA), said in an announcement Wednesday.
  • “Collaboration between the HKMA and MAS (Monetary Authority of Singapore) will create significant synergy for the development of fintech and more efficient fund flows between the two markets.”
  • The announcement was made at a fintech conference in Hong Kong.

Hong Kong and Singapore’s central banks signed a fintech deal Wednesday to collaborate on a number of projects.
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Is Blockchain the Future of Fin-Tech?

Proof Suite might no longer be as much of a secret.  @HuffPost

  • Here are a few reasons why the Blockchain technology could really be the future of Financial Technology (FinTech): – – Part of the reason why the Blockchain technology is considered innovative is its ability to completely diminish the need for a central management system or a central authority.
  • However, more and more companies and institutions are realizing the true potentials of the Blockchain technology, which goes beyond the application of currencies.
  • Many Blockchain projects are helping people around the world to easily utilize and integrate the Blockchain technology into their existing financial data-keeping and data-recording systems.
  • Financial applications such as Bitcoin on the Blockchain technology simply diminishes the need for a physical bank around to open a bank account and send or receive money.
  • Although it is true that the technology is still in its early beta stages with limited use cases within the Cryptocurrency industry, many projects are being introduced to help expand the use of this innovative technology.

The ever-increasing popularity of Cryptocurrencies has also helped shed light on what is known as the Blockchain technology. It is what helps decentraliz…
Continue reading “Is Blockchain the Future of Fin-Tech?”

Blockchain: Green building blocks

FREE: How soon will #blockchain be adopted across the #energy sector?  #OOTT

  • Two years ago, we decided to open a new company, Grid Singularity, with the purpose of further developing the blockchain technology suitable for energy markets.
  • A. Bitcoin, which is a currency, was the first use of blockchain technology and is the most well-known.
  • Blockchain technology reduces transaction costs by keeping a single logical copy of transaction records.
  • It is a non-profit organisation whose mission is to accelerate the commercial deployment of blockchain technology in the energy sector and fund the development of core technology.
  • The internet is only a copy of existing business models, but blockchain means you can exchange information or contracts peer-to-peer, it’s a direct challenge to companies like Google.

A. I was a mechanical engineer, and worked for the energy group ABB in Austria for six years. I first dived into blockchain five years ago, working with bitcoin mining, and then I supported the development of Ethereum which received $18m in crowdfunding and then took one and a half years to build. It is still so far the most advanced blockchain platform. Two years ago, we decided to open a new company, Grid Singularity, with the purpose of further developing the blockchain technology suitable for energy markets.
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A $24 million mansion is going on sale in London — but you can only buy it in bitcoin

  • Lev Loginov, co-founder of property investment company London Wall, which bought the property in 2013, is hoping paying for property in bitcoin could be the future.
  • He said that the company has a pipeline of properties that will go on the market and only be available to buy in bitcoin.
  • Loginov’s broader thought is that property ownership records can be transformed with blockchain technology.
  • “It will have to be a specialist blockchain for property.
  • For example, the tax on the property that will be paid to the government after the sale could be a couple of million pounds.

The £17 million price tag equates to over 4,000 bitcoin at Friday’s price.
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