Tags: DLT

Might blockchains help crack Brexit’s Irish trade problem?

Brexit’s Irish trade problem looks ever more complex, assuming that the UK continues with its intent to leave the customs union and single market. When two customs areas exist there is a need for a border. The fear is that this must be a hard border for goods (services and people are different), if only…

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…

Blockchain scalability addressed by two more startups

Blockchain throughput is, arguably, the dagger hanging over widespread blockchain adoption. There are two fundamental and interrelated problems. A blockchain’s size and its ability to transact (to register additional transactions which ad to the blockchain size. After all a blockchain is the immutable record of all transactions. It cannot shrink to order. To ‘picture’ this,…

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)…

Cobalt Bluesky joins BT Radianz Cloud ecosystem

Cobalt, the FX post-trade processing network based on distributed ledger technology, has joined the BT Radianz Cloud. The latter says it is the world’s largest financial community. Organisations can now access Cobalt’s private peer-to-peer and blockchain services via highly secure and resilient Radianz Cloud connections. The intention is that firms reduce cost and operational risk.…

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…

Mizuho’s trade finance transaction trial completes

Mizuho 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…