SocGen CEO Frederic Oudea says he can’t see a future for bitcoin

Bitcoin has no future because of its anonymity, SocGen CEO says  #WallStreet #CNBC

  • Bitcoin and cryptocurrencies are unlikely to survive long-term as governments scramble to regulate them, according to the chief executive of French banking giant Societe Generale.
  • Frederic Oudea said that, while he was a believer in distributed ledger technology — which allows data to be stored in enormous volumes across a secure network of computers — virtual currencies carry too much risk due to their anonymity.
  • The anonymity of the transaction is a problem I think which would put pressure on bitcoin.”
  • But Oudea said: “I prefer to use the word distributed ledger technology and not blockchain.”
  • Blockchain technology was originally created to serve as a digital log of all bitcoin transactions.

Societe Generale CEO Frederic Oudea said he was “not convinced” cryptocurrencies like bitcoin would “see any development.”
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Can Blockchain Solve The Prosperity Paradox?

  • It’s resulted in various projects to provide access to finance for the worlds poorest, from mobile banking to microfinance, and whilst the work of people like Muhammad Yunus have been tremendously important, I believe that the blockchain could be even more powerful.
  • “Our companies are built on the same foundation; a belief that new technologies should take the complexity out of financial services in emerging markets.
  • We’re thrilled to partner with Wala, and the 1,000’s of merchants utilising the M-vendr powered PoS are really excited to start Wala financial services and accepting Dala tokens as it will add immense value to their customers,” M-vendr say.
  • While zero-fee financial services are the immediate goal, the trust and transparency brought about by the blockchain could also lay the foundations of a modern infrastructure that solves other problems for the unbanked, such as credit scoring.
  • The progress in achieving the Millennium Development Goal on poverty so quickly is considerable, but ledger technology such as that provided by the likes of Wala provide a glimpse into a possible future where the unbanked and underbanked are increasingly enfranchised and empowered to become active participants in the global…

It would perhaps be fickle to be too critical of the global economic system given the tremendous progress made towards so many of the Millennium Developm…
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IBM far outranks Microsoft as blockchain industry leader, research says

IBM far outranks Microsoft as #blockchain industry leader, report says.
 #bitcoin #fintech

  • Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study.
  • Big Blue has been making considerable steps forward with research and development projects aimed at broadening the scope of distributed ledger technology to include industries other than the financial services.
  • Last month it announced a partnership with Nestle, Unilever, Wal-Mart and other food giants to trace the movements of food and tackle contamination faster by using the technology.
  • According to research firm Juniper Research, the corporation is better positioned than competitor Microsoft as far as its blockchain credentials are concerned.
  • More than 40 percent of tech executives and leaders in the blockchain sector ranked IBM as top, with only 20 percent saying the same of Microsoft.

Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to research.
Continue reading “IBM far outranks Microsoft as blockchain industry leader, research says”

IBM far outranks Microsoft as blockchain industry leader, research says

IBM far outranks Microsoft as blockchain industry leader, research says

  • Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study.
  • Big Blue has been making considerable steps forward with research and development projects aimed at broadening the scope of distributed ledger technology to include industries other than the financial services.
  • Last month it announced a partnership with Nestle, Unilever, Wal-Mart and other food giants to trace the movements of food and tackle contamination faster by using the technology.
  • According to research firm Juniper Research, the corporation is better positioned than competitor Microsoft as far as its blockchain credentials are concerned.
  • More than 40 percent of tech executives and leaders in the blockchain sector ranked IBM as top, with only 20 percent saying the same of Microsoft.

Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to research.
Continue reading “IBM far outranks Microsoft as blockchain industry leader, research says”

IBM far outranks Microsoft as blockchain industry leader, research says

  • Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study.
  • Big Blue has been making considerable steps forward with research and development projects aimed at broadening the scope of distributed ledger technology to include industries other than the financial services.
  • Last month it announced a partnership with Nestle, Unilever, Wal-Mart and other food giants to trace the movements of food and tackle contamination faster by using the technology.
  • According to research firm Juniper Research, the corporation is better positioned than competitor Microsoft as far as its blockchain credentials are concerned.
  • More than 40 percent of tech executives and leaders in the blockchain sector ranked IBM as top, with only 20 percent saying the same of Microsoft.

Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to research.
Continue reading “IBM far outranks Microsoft as blockchain industry leader, research says”

IBM far outranks Microsoft as blockchain industry leader, research says

  • Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study.
  • Big Blue has been making considerable steps forward with research and development projects aimed at broadening the scope of distributed ledger technology to include industries other than the financial services.
  • Last month it announced a partnership with Nestle, Unilever, Wal-Mart and other food giants to trace the movements of food and tackle contamination faster by using the technology.
  • According to research firm Juniper Research, the corporation is better positioned than competitor Microsoft as far as its blockchain credentials are concerned.
  • More than 40 percent of tech executives and leaders in the blockchain sector ranked IBM as top, with only 20 percent saying the same of Microsoft.

Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to research.
Continue reading “IBM far outranks Microsoft as blockchain industry leader, research says”

IBM far outranks Microsoft as blockchain industry leader, research says

  • Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study.
  • Big Blue has been making considerable steps forward with research and development projects aimed at broadening the scope of distributed ledger technology to include industries other than the financial services.
  • Last month it announced a partnership with Nestle, Unilever, Wal-Mart and other food giants to trace the movements of food and tackle contamination faster by using the technology.
  • According to research firm Juniper Research, the corporation is better positioned than competitor Microsoft as far as its blockchain credentials are concerned.
  • More than 40 percent of tech executives and leaders in the blockchain sector ranked IBM as top, with only 20 percent saying the same of Microsoft.

Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study.
Continue reading “IBM far outranks Microsoft as blockchain industry leader, research says”