Tags: distributed ledger technology

ASX blockchain to replace CHESS

The Australian Stock Exchange (ASX) has announced its intention to replace its Clearing House Electronic Subregister System (CHESS). Its plan is to introduce  distributed ledger technology (DLT) developed by Digital Asset (DA). ASX operates and invests in the infrastructure needed to promote the stability and development of Australia’s financial markets. In this context, CHESS is the 1990s…

BlockEx to partner with OpenText on supply chains

To accelerate BlockEx’s trimming of fat using blockchain, it is partnering with OpenText to use blockchain to make supply chain finance more efficient. OpenText already operates some of the world’s largest supply chains through its Business Network. More than 600,000 companies have connections to its network which exchanges more than 24B business transactions a year.…

RAND’s blockchain challenges and opportunities

RAND Europe (RAND) has carried out a scoping study to examine the potential role of standards in supporting Distributed Ledger Technologies (DLT)/blockchain. The Report – entitled ‘Understanding the landscape of Distributed Ledger Technologies/Blockchain‘ documents the results of the study which was conducted over a six-week period. It was commissioned by the British Standards Institution (BSI)…

Pathetic EASME investing in blockchain

The EU’s Executive Agency for SMEs (EASME) has invested, via SME Instrument funds, a ‘whole’ c €3.4M in three companies (see below) in pursuit of blockchain use. The Commission set up EASME to manage several EU programmes. These include: COSME (Competitveness of Enterprises and Small and Medium Enterprises) Horizon 2020 (the EU primary programme for…

Might the Federal Reserve bless blockchains?

The US Federal Reserve Bank (the Fed), in a new research paper , almost blesses blockchain. This is a significant development, though not yet one cast in stone. The paper is: “Strategies for Improving the U.S. Payment System; Federal Reserve Next Steps in the Payments Improvement Journey“. Despite the title’s length it makes for interesting…

Your birth – registered on a blockchain

The Illinois Blockchain Initiative has announced its intention to create a secure, ‘self-sovereign’ identity for Illinois citizens during the birth registration process. In partnership with Evernym, an identity solutions provider, it will use leveraging distributed ledger technology to provide secure digital identity solutions. The concept will augment work from the W3C’s Verifiable Claims Task Force…

BoE explores DLT / blockchain settlement monopoly doubts

The Bank of England (BoE) has released a new working paper entitled “The economics of distributed ledger technology for securities settlements”: examines to what extent DLT could add value and change securities settlement characterize the innovation process in the post-trade industry. describes the economics of a hypothetical DLT-based security settlement industry. In this context, distributed…

BTC vs BCC: confused?

At 1220 UTC on 1st August, 2017, Bitcoin Cash (BCC) arrived. It is an analogue, but not a precise one, for Bitcoins (aka BTC). The most obvious difference is that the block size in the underlying blockchains of BCC is 8MB rather that the 1MB which BTC uses. This ‘promises’ greater utility for BCC users.…

ICOs may be securities: investors beware

If you delight in Initial Coin Offerings (ICOs), beware. This week the US Securities and Exchange Commission (SEC) issued an investigative Report cautioning market participants about offers and sales of digital assets by ‘virtual’ organizations which may be subject to the requirements of federal securities laws. Such offers and sales, conducted by organizations using distributed…