- NEW YORK — Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions.
- The platform called Batavia would help banks and their clients automate the trade finance process, which remains highly manual and paper-based, the participating companies said on Wednesday.
- In trade finance, banks provide funding and other services to importers and exporters to facilitate commerce.
- Among other things Batavia will allow parties to track a transaction from when a shipment leaves a port to when it reaches its destination.
- Over the past few years, banks have been investing millions of dollars in adapting the technology to run some of their data heavy and complex processes.
Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions.
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- ZONTO is a complex of software products, solutions, services and technologies aggregated in a single platform.
- ZONTO system has several functional modules inside, which are collaborating with each other.
- Synergistic effect gained through the ZONTO modules collaboration produces signfiicant benefits to the all participants using ZONTO as the means of communication, business, entertainment or purchases.
- The goal of ZONTO developer was to create a scalable, flexible, continuously evolving and self-learning system using blockchain technology.
- ZONTO has collected $ 247,000 in the pre-sale on 28th August 2017.
Zonto ICO rating (4.2 out of 5) and credibility, team, presentation, tokens and financial data – The digital ecosystem of the future. A single tool for interacting in various sphere of usage.
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- First Blockchain Online Course for CTOs Launched Says B9lab
- LONDON, Feb. 10, 2017 /PRNewswire/ — B9lab today announced the first ever comprehensive online course for CTOs covering blockchain technology and decentralised infrastructure, available worldwide. “
- Conducted online, the course teaches participants about the theory behind blockchain and introduces many different protocols for public as well as private blockchain networks.
- The CTO course is the newest addition since the successful Ethereum Developer course.
- B9lab created the in depth course in response to requests for a technical course for non-programmers. “
LONDON, Feb. 10, 2017 /PRNewswire/ — B9lab today announced the first ever comprehensive online course for CTOs covering blockchain technology and decentralised infrastructure, available worldwide. “Blockchain has the potential to change the way companies, customers and authorities interact in
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- How blockchain can create the world’s biggest supercomputer
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- What tech titans should say to Trump – and vice versa
As our desktop computers, laptops, mobile devices, etc. stand idly by for a huge portion of the day, the need for computing resources is growing at a fast pace. Large IoT ecosystems, machine learning and deep learning algorithms and other sophisticated solutions being deployed in every domain and industry are raising the demand for stronger cloud servers and more bandwidth to address the minute needs of enterprises and businesses. Blockchain, the distributed ledger that’s gaining traction across various domains, might have the answer to the dilemma by providing a platform that enables participants to lend and borrow computing resources — and make money in the process. “There is a growing demand for computing power from industries and scientific communities to run large applications and process huge volumes of data,” says Gilles Fedak, co-founder of iEx.ec, a distributed cloud computing platform.
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- First Ethereum Developers Certified on the Blockchain Says B9lab
- B9lab company information: B9lab provides training, advisory and research services on blockchain and decentralised applications.
- First successful graduates of B9lab Ethereum Developers Course now have certificates available for verification on the Blockchain.
- Conducted online, the course teaches software engineers the basics of blockchain technology as well as languages and tools required to build decentralised applications on the Ethereum platform.
- Support is provided real time by course directors, who have been part of the blockchain community from the beginning and witnessed the technology evolve.
LONDON, Oct. 28, 2016 /PRNewswire/ — B9lab today announced its first graduates of the Ethereum Developers Course are now registered on the Ethereum blockchain. “We’re preparing participants to go straight into building DApps for some of the most demanding clients in the world,” says
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- Forde suggested that Hillary Clinton’s recent policy goals for technology and innovation and the use of blockchain government applications is a “positive step forward” in achieving its goals.
- Benzinga does not provide investment advice.
- According to Brian Forde, the director of Digital Currency at the MIT Media Lab, governments need to fully understand the impact of blockchain-based applications and understand how the technology might be used to increase trust.
- Clinton: There Is Something Wrong With Our Country Sponsored Bloomberg Video
- Bitcoin is considered to be the first technology to use the blockchain, as every transaction is recorded and made public.
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@JorgeNdeG: “Governments need to fully understand the impact of #blockchain-based applications @Benzinga vía @YahooFinance”
From Yahoo Finance: Analysts at Goldman Sachs define “blockchain” as a type of environment that acts like a “a shared digital ledger of transactions recorded and verified across a network of participants in …
What Is Blockchain, And Why Should You Care?
- Business Day | Santander Says First UK Bank to Use Blockchain for Overseas Payments
- Metzger said unless all the banks are using the same technology then the “last mile” of its pilot using blockchain will use slower, existing payments links.
- The technology may eventually allow banks to settle the estimated annual $26 trillion of international transactions almost instantaneously.
- That compares with settlement times of days under the current systems used by banks. “
- In March, broker ICAP said it was the first to distribute data on trades to customers using blockchain.
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@JDComforte: “Santander Says First UK Bank to Use Blockchain for Overseas Payments #payments #blockchain”
Santander is the first British bank to start using the technology behind virtual currency Bitcoin for recording international payments, and may start rolling out the service to customers next year, the head of innovation at its UK arm said.Blockchain, or distributed ledger technology, creates a shared database in which participants can trace every transaction ever conducted. Its proponents say it has the potential to shake up how financial markets operate.Santander said about 6,000 staff in Britain would be eligible to begin using the technology internally in a pilot program that aims to make the transfer of money faster, more accurate and more transparent. The technology may eventually allow banks to settle the estimated annual $26 trillion of international transactions almost instantaneously. That compares with settlement times of days under the current systems used by banks.
Santander Says First UK Bank to Use Blockchain for Overseas Payments