The London Stock Exchange Group (LSEG) is collaborating with IBM to develop a securities data blockchain solution for European SMEs. The project plans to digitize securities certificate data to simplify issuance and management of shareholding information. If delivered the solution aims to create a shared registry of shareholder transaction records. “LSEG is testing the use…
Moeda is an innovative ‘Banking-as-a-Service’ cooperative network. It aims to empower underbanked entrepreneurs using blockchain technology. In Sao Paulo, Brazil, it has announced plans to relaunch its Moeda (MDA) digital token and tie this to the US$. This relaunch hopes to broaden Moeda’s core lending-and-financial-education activities beyond serving women entrepreneurs. As part of the relaunch,…
Start Network is partnering with Disberse in a social enterprise start up. Their aims are to: test blockchain in the delivery of humanitarian finance harness the potentially revolutionary potential of the technology that enabled the Bitcoin.. Ben Joakim, CEO and co-founder of Disberse said: “Disberse was born from an ambition to preserve and improve the…
The Interledger Protocol sounds unglamourous. Sometimes referred to as the ILP, an undated paper by two Ripple employees, Stefan Thomas and Evan Schwarz, proposed it. The ILP has moved beyond Ripple and is now part of W3C, as the Interledger W3C Community Group. In a relatively short time, it has moved from idea to serious consideration.…
The Bank of England, with Ripple, have tested the Interledger Protocol as part of the BoE’s ‘FinTech Accelerator Proof of Concept’. This PoC explored the synchronised settlement of payments of: two different currencies in two different simulated Real Time Gross Settlement (RTGS) systems. BoE and RTGS The BoE has recently started a programme of work…
SolarCoin, supported by a SolarCoin blockchain, provides an alternative digital currency. It works like air-miles for solar electricity generation. Individuals claim SolarCoins by living in homes equipped with solar energy panels on their roofs. The same applies to commercial solar electricity producers. Solar energy, unlike fossil fuels, does not push excess heat or carbon into the…
Mitzuho started a trade finance initiative using blockchain earlier this year. It has now completed a trade transaction between Australia and Japan in which the participants were: Mizuho Financial Group, Inc. (Mitzuho) Marubeni Corporation Sompo Japan Nipponkoa Insurance Inc. In this context blockchain is a form of distributed ledger technology (DLT). It utilizes a system…
22 more banks join the SWIFT blockchain proof of concept (PoC). SWIFT has designed the PoC to validate whether the technology can help banks reconcile their international nostro accounts in real time. Th PoC is part of SWIFT’s ‘gpi’ (global payments innovation) service, the new standard for cross-border payments. The banks that have joined include:…
Yet another trade finance/blockchain initiative has emerged. Commerzbank and Fraunhofer-Institute for Material Flow and Logistics (IML) in Dortmund have begun a joint research project on digitisation of trade finance. International trade finance, and the underlying transactions, are becoming more and more a focus of digitisation initiatives. Corporates, banks and research institutions are becoming involved. Increasing…
Rivetz Intl., a new subsidiary of Rivetz Corp., is introducing a blockchain-based security token. The idea is to combine trusted computing with blockchain technology to offer comprehensive privacy protection. Mobile devices are, today, essential to decentralized data processing. But that processing is easily corrupted. By focusing on the device identity, continuously measuring the state of the…