Can The Transport Ecosystem Be Disrupted with Blockchain?

  • With the fast-paced emerging of technology, blockchain has been born and now fills up the commerce and business news.
  • Today, many companies are already testing the capabilities and possibly leveraging the uses of Blockchain technology into their core business, and because of its popularity, start-up companies emerged on the surface.
  • Blockchain can disrupt the transport ecosystem in such a way as it will be more convenient and safer for the consumers and it will build trust and innovative solutions to the current transportation systems.
  • Blockchain technology will also provide security for the user’s identity, age, coverage such as insurances, ability to pay while being under the protection of anonymity of the commuter’s travel information.
  • Promising businesses such as DOVU aims to change the way we live, the way we do business and the way we travel by enabling a system that is powered by data and trust.

With the fast-paced emerging of technology, blockchain has been born and now fills up the commerce and business news. It is taking everything by storm an…
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Banks’ Blockchain Consortium Picks IBM for Trade Finance Platform

  • PARIS — Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.
  • Trade finance was identified by a survey of banks carried out by IBM and the Economist Intelligence Unit last year as one of the top areas where blockchain – the underlying technology behind bitcoin – could have an impact.
  • This contrasts with the present process – trade finance transactions typically involve a complicated paper trail that requires international courier services, is vulnerable to document fraud, and can take as long as a month to be completed.
  • “What we will have is a platform to bring buyers and sellers together and to make trade transactions very transparent from… the moment that a purchase order is issued up until payment,” said Hubert Bdenoot, general manager for trade finance at KBC, one of the banks in the consortium.
  • The “Digital Trade Chain Consortium”, which also includes Societe Generale, Natixis, Rabobank and Unicredit, is aiming for the platform to be up-and-running and available for SMEs to use by the end of the year.

PARIS — Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.
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Banks’ blockchain consortium picks IBM for trade finance platform

Banks' blockchain consortium picks IBM for trade finance platform

  • REUTERS/Alessandro Garofalo

    PARIS (Reuters) – Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.

  • Trade finance was identified by a survey of banks carried out by IBM and the Economist Intelligence Unit last year as one of the top areas where blockchain – the underlying technology behind bitcoin – could have an impact.
  • This contrasts with the present process – trade finance transactions typically involve a complicated paper trail that requires international courier services, is vulnerable to document fraud, and can take as long as a month to be completed.
  • “What we will have is a platform to bring buyers and sellers together and to make trade transactions very transparent from… the moment that a purchase order is issued up until payment,” said Hubert Bdenoot, general manager for trade finance at KBC, one of the banks in the consortium.
  • The “Digital Trade Chain Consortium”, which also includes Societe Generale, Natixis, Rabobank and Unicredit, is aiming for the platform to be up-and-running and available for SMEs to use by the end of the year.

Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies. Trade finance was identified by a survey of banks carried out by IBM and the Economist
Continue reading “Banks’ blockchain consortium picks IBM for trade finance platform”

Banks’ Blockchain Consortium Picks IBM for Trade Finance Platform

Banks #blockchain Consortium Picks IBM for Trade Finance Platform #Europe $IBM

  • “What we will have is a platform to bring buyers and sellers together and to make trade transactions very transparent from… the moment that a purchase order is issued up until payment,” said Hubert Bdenoot, general manager for trade finance at KBC, one of the banks in the consortium.
  • The “Digital Trade Chain Consortium”, which also includes Societe Generale, Natixis, Rabobank and Unicredit, is aiming for the platform to be up-and-running and available for SMEs to use by the end of the year.
  • “There are over 20 million SMEs in Europe, and they provide around 85 percent of the jobs as well, so it’s a critical part of the economy and so anything that can facilitate growth in the SME community is going to help a lot,” said Keith Bear, vice president for financial markets and head of blockchain at IBM.
  • But KBC’s Bdenoot said the new platform was unlikely to suddenly revolutionize the market.
  • “I don’t think this is going to be something that enters the market and then all of a sudden half of the SMEs are on the platform – I don’t think that’s realistic,” he said.

Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.
Continue reading “Banks’ Blockchain Consortium Picks IBM for Trade Finance Platform”

Citadel Securities, XTX Markets Join Blockchain FX Venture Cobalt

Citadel Securities, XTX Markets Join #blockchain FX Venture Cobalt

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Electronic trading houses Citadel Securities and XTX have joined top global banks in signing up to blockchain currency settlement venture Cobalt, they said on Thursday, in what could be one of the first large-scale financial market uses of the technology.
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9 Things We Bought With Bitcoin

  • In this case, we literally have no other option than to pay with Bitcoin.
  • The China-based travel agency Young Pioneer Tours has 9 years of experience of organizing tours to North Korea, and can help you with flights, hotels, visa and a tour guide.
  • We constantly want to talk about it, tell others about our trip to North Korea, and how we were able to tweet pictures the entire trip from one of the most heavily locked down countries on earth.
  • So now we have shoes from Iran, been to North Korea and have these stylish new socks.
  • For more privacy, it makes perfect sense to not use your credit card (which is connected to your real name), but instead the pseudonymous currency Bitcoin.

You’ve got to admit that everyone likes to go shopping once in a while, whether it’s to buy that designer shirt you’ve been eyeing or those nif…
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10 ways blockchain will change your life

10 ways #blockchain will change your life

  • This is thanks to how the blockchain system reads more data and is very transparent.
  • In particular:

    ● You can create limits as to what specific parties can do with a blockchain setup.

  • You can use blockchain in cases where you need to get many parties to read the same data but while also maintaining some control.
  • A great part of blockchain is that it uses no third parties for managing transactions.
  • Blockchains may be generated for acquiring renewable energy credits.

Starting to gain traction in the mainstream, this technology has a lot of far-reaching potential Blockchain is an intriguing concept to explore. It is a digital ledger that entails transactions, working with data arranged through a series of records called blocks. This uses a secure system and is essential
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