Blockchain Rollouts in Finance to Reflect Significant Change in the Short-Term

Blockchain Rollouts in Finance to Reflect Significant Change in the Short-Term
Lester Coleman
16 APR 2017  CryptoCoins News

Many early blockchain initiatives have only been implemented in testing environments, while their future commercial use remains uncertain. Nonetheless, an industry-wide conversation has emerged, as financial institutions explore blockchain’s theoretical appeal, its practical applications and standards have to be established to realize its potential.

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Global blockchain innovation: U.S. lags, Europe and China lead

Global blockchain innovation: U.S. lags, Europe and China lead

 

No one can predict the future of blockchain in the same way we could not predict the future of the Internet in the early ’90s. But it is clear this technology is going to have a significant impact.

From corporations to startups and governments to organizations, the race is on to tap into the concept of distributed and decentralized trust in order to reduce friction and build more honest, transparent, and efficient frameworks for business and governance.

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Are We at the Brink of an Industrial Revolution?

Are We at the Brink of an Industrial Revolution?
Andrew Quentson
16 APR 2017  CryptoCoins News

“When Horace Jones was re-imagining Old Billingsgate Market, Britain was in the throes of its Second Industrial Revolution – a time of mass innovation that changed the way people lived, worked and interacted.”

So said Mark Carney, Governor of the Bank of England, in a speech at the British government sponsored International FinTech Conference. It implies we may be going through the same sort of transformation, a transformation driven primarily by the invention of computer code.

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Bitcoin is Now Larger Than Some Fiat Currencies in Europe & Americas in Market Cap

Bitcoin is Now Larger Than Some Fiat Currencies in Europe & Americas in Market Cap
Joseph Young
16 APR 2017  CryptoCoins News

The user base and market cap of bitcoin are larger than most fiat currencies of small countries in Central America, Africa and Europe. The next step for bitcoin is to surpass the market cap of reserve currencies, to establish itself as the global currency used by mainstream users and general consumers.

The truth is, bitcoin as a technology is not capable of surpassing the value or user base of reserve currencies as of yet. Various scaling issues have to be addressed and solutions must be implemented. One of these solutions is Bitcoin Core’s Segregated Witness. If both the on-chain capacity and two-layer solutions of bitcoin are expanded and improved, bitcoin will be able to compete with larger fiat and reserve currencies of the world. Continue reading “Bitcoin is Now Larger Than Some Fiat Currencies in Europe & Americas in Market Cap”

Bitcoin Startups Challenging Big Banks Profits

Bitcoin Startups Challenging Big Banks Profits
Kevin Helms
16 APR 2017 Bitcoin.com
Bitcoin Startups Challenging Big Banks Profits

Big banks are increasingly worried about losing profits to fintech companies such as Bitcoin startups. Eighty-eight percent of banks’ executives believe that their businesses are at risk of losing revenues to these new entrants, according to a recent survey. This profit loss could be as high as 10 percent at Santander Bank, a leaked memo shows.

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