Blockchain technology is moving into the financial mainstream with IBM and seven European banks

#Blockchain al servizio delle PMI con lo use case di @IBM e altre 7 banche EU

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
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GPU Makers Are Now Specifically Targeting Ethereum And Bitcoin Miners

GPU makers are now specifically marketing to bitcoin and ethereum miners

  • But traditional graphics cards are not especially well-suited to the cryptocurrency mining gold rush.
  • The solution may well be on the way, in the form of graphics cards made specifically for cryptocurrency miners.
  • There are now two such cards listed on the website of PC component maker ASUS: the MINING GP106-6G and the MINING RX470-4G.
  • The product page claims that the GP106-6G, “enhances the megahash rate by up to 36% compared cards in the same segment that are not tailored for mining.”
  • AMD’s graphics cards have long been the preferred choice for cryptocurrency miners.

A pair of ASUS cards with few or no display outputs and heavy-duty cooling may be just what the miners are after.
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Blockchain technology is moving into the financial mainstream with IBM and seven European banks

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Continue reading “Blockchain technology is moving into the financial mainstream with IBM and seven European banks”

Blockchain technology is moving into the financial mainstream with IBM and seven European banks

#blockchain technology is moving into the financial mainstream with IBM and seven European

  • It’s the underlying technology that makes cryptocurrencies such as bitcoin and Ethereum possible, but it has also been talked up by banks as a way to streamline processes and make them more efficient and cheaper.
  • IBM is building this new blockchain, Digital Trade Chain, to help parties track, manage and transact internationally.
  • When a merchant sells goods to another party and those goods arrive, the blockchain triggers a payment to take place, explained Wiebe Draijer, chairman of the executive board at Rabobank, one of the participating banks.
  • “We take care of the payment that’s still the old payment technology,” Draijer told CNBC in a TV interview on Monday, “but the whole infrastructure, the administration is done on the blockchain.
  • And ultimately we will also move the payment into that blockchain solution, when the payment in blockchain is ready to be robust for large-scale application.”

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Continue reading “Blockchain technology is moving into the financial mainstream with IBM and seven European banks”

Blockchain technology is moving into the financial mainstream with IBM and seven European banks

  • IBM is building blockchain technology that will be used by seven of Europe’s largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
  • The project will mark one of the first real-world use cases of blockchain technology in financial institutions.
  • The potential of blockchain has been praised by the banking industry over the past couple of years, but the first real applications are beginning.

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and Unicredit are the banks that are part of the consortium.
Continue reading “Blockchain technology is moving into the financial mainstream with IBM and seven European banks”

Idaho teenager becomes millionaire by investing $1,000 gift in Bitcoin

  • Mr Finman has been celebrated on news channels, and lauded in the tech community.
  • For his story is little short of remarkable.
  • Mr Finman, whose parents Paul and Lorna met at Stanford University in the 1980s, when Paul was getting his PhD in electrical engineering and Lorna was getting hers in physics, took the cash and invested it in Bitcoin, following a tip from his brother Scott.
  • The Finman siblings, three brothers, admit to being fiendishly competitive.
  • Erik describes his family as being the “Elon Musk version of the Kardashians” – both his older brothers work in tech and engineering, and the youngest Finman was frustrated by school.

Three years ago Erik Finman made a bet with his parents.
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Ethereum based TokenCard is a Game-Changer for Global Financial Markets

  • The Federal Reserve, World Bank, big banks and virtually all major international financial institutions have created a broken system that steers wealth from the middle class into the coffers of big corporations.
  • Despite trillions of dollars that make up the flow of the global financial system, simply by moving money, money quickly finds it’s way in the pockets of governments and corporations.
  • In recent years, more than any other time in history, consumers are beholden to the imbalances and inequities of the financial markets around them.
  • This broken financial system has undermined the lives of working and middle class citizens around the world, destroyed families and collapsed entire economies.
  • TokenCard allows everyday consumers to spend their Ethereum and ERC20 tokens at VISA® terminals, which are present in virtually every country around the world.

The global financial markets are broken. For all of recent history, our livelihoods have been beholden to the economics of a financial market that does n…
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