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…
Continue reading “Is Blockchain the Future of Fin-Tech?”

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?”

Bitcoin Options Exchange Raises $11.4 Million in Funding

#bitcoin Options Exchange Raises $11.4 Million in Funding

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Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings Inc and China’s Huiyin Blockchain Venture Investments.
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Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

  • The Bank of England has produced several research papers on the topic.
  • The Bank of Canada teamed up with the nation’s five largest banks – and the blockchain consulting firm R3 – for what was known as Project Jasper.
  • Critics of blockchain technology have noted the apparent contradiction in central banks’ looking to distributed ledgers.
  • If the central banks succeed, it would be one of the greatest unexpected twists in new technology: An invention aimed at dethroning central banks and making it harder for money to be tracked instead ends up empowering those central banks and making money more easily traceable.
  • Mark Carney, the head of the Bank of England, and perhaps the most prominent champion of distributed ledgers, has said that the technology could be worth using for central banks because it would make for a financial system that does not go down even if the central bank’s computer systems are temporarily taken offline.

Bitcoin was created by libertarian-minded programmers with a deep suspicion of central banks and the national currencies they issue.
Continue reading “Central Banks Consider Bitcoin’s Technology, if Not Bitcoin”

Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

  • The Bank of England has produced several research papers on the topic.
  • If the central banks succeed, it would be one of the greatest unexpected twists in new technology: An invention aimed at dethroning central banks and making it harder for money to be tracked instead ends up empowering those central banks and making money more easily traceable.
  • Most financial institutions and central banks are looking at distributed ledgers that would be maintained on the computers of all the major players in the financial system, including the central bank and the biggest financial institutions.
  • Critics of blockchain technology have noted the apparent contradiction in central banks’ looking to distributed ledgers.
  • The distributed ledgers being considered by the financial industry and central banks would generally allow only a small number of registered entities to join in and take part in the network.

Central banks view the technology behind the virtual currency as a possible way to compete and record transactions, or to issue their own currencies.
Continue reading “Central Banks Consider Bitcoin’s Technology, if Not Bitcoin”

Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

Central Banks Consider Bitcoin’s Technology, if Not #Bitcoin. #banking

  • The Bank of England has produced several research papers on the topic.
  • If the central banks succeed, it would be one of the greatest unexpected twists in new technology: An invention aimed at dethroning central banks and making it harder for money to be tracked instead ends up empowering those central banks and making money more easily traceable.
  • Most financial institutions and central banks are looking at distributed ledgers that would be maintained on the computers of all the major players in the financial system, including the central bank and the biggest financial institutions.
  • Critics of blockchain technology have noted the apparent contradiction in central banks’ looking to distributed ledgers.
  • The distributed ledgers being considered by the financial industry and central banks would generally allow only a small number of registered entities to join in and take part in the network.

Central banks view the technology behind the virtual currency as a possible way to compete and record transactions, or to issue their own currencies.
Continue reading “Central Banks Consider Bitcoin’s Technology, if Not Bitcoin”

Central Banks Consider Bitcoin’s Technology, if Not Bitcoin

  • The Bank of England has produced several research papers on the topic.
  • If the central banks succeed, it would be one of the greatest unexpected twists in new technology: An invention aimed at dethroning central banks and making it harder for money to be tracked instead ends up empowering those central banks and making money more easily traceable.
  • Most financial institutions and central banks are looking at distributed ledgers that would be maintained on the computers of all the major players in the financial system, including the central bank and the biggest financial institutions.
  • Critics of blockchain technology have noted the apparent contradiction in central banks’ looking to distributed ledgers.
  • The distributed ledgers being considered by the financial industry and central banks would generally allow only a small number of registered entities to join in and take part in the network.

Central banks view the technology behind the virtual currency as a possible way to compete and record transactions, or to issue their own currencies.
Continue reading “Central Banks Consider Bitcoin’s Technology, if Not Bitcoin”