Who needs a blockchain?

Chris Skinner

I often say that blockchain is one of the most complex areas, combining all we don’t know about technology with all we don’t understand about finance. Some things that claim to be blockchain don’t use blockchains, and some blockchains claim not … The post Who needs a blockchain? Blockchain Fintech GridIt’s a big hole of acronyms, confusion and debate.

Blockchain is dead

Chris Skinner

I used to blog about blockchain and distributed ledger technology (DLT) almost once a week … four years ago. I guess it just shows what’s top of mind and what’s not at any time in FinTech and, right now, blockchain is not … The post Blockchain is dead appeared first on Chris Skinner's blog. Blockchain Digital Bank Fintech Grid Opinion PaymentsToday, I hardly blog about it at all.

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Blockchain takes on forgeries, counterfeits

Mobile Payments Today

Blockchain, however, might hold the key to solving this issue of forgeries by providing a virtual "paper" trailCounterfeiting is an absolutely massive industry, logging in trillions of dollars every year.

Visa Unveils Universal Payment Channel for Blockchain

PYMNTS

Visa is working on a universal payment channel project that connects blockchain networks to a variety of cryptocurrencies, stablecoins and central bank digital currencies (CBDCs). Blockchain CBDCs cryptocurrency News payments Visa What's Hot

Can blockchain transform cross-border payments?

Mobile Payments Today

Cross-border payments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-border payments

Bitcoin, Stablecoin, Blockchain, Enterprise Ledger … WTF?

Chris Skinner

I used to blog about blockchain and cryptocurrency almost every day. In fact, my last blog was about the blockchain hype being dead, but the blockchain dream is still very much alive. Now, most people think that blockchain is something … The post Bitcoin, Stablecoin, Blockchain, Enterprise Ledger … WTF? Blockchain Fintech Future Grid OpinionI stopped as it got too hyped, scammed and boring.

3 keys to understanding blockchain

Mobile Payments Today

Blockchain technology can be very difficult to understand, but it doesn't have to be. You just have to grasp three basic key facts

Blockchain is dead, long live the Blockchain

Chris Skinner

Lots of people saying that blockchain is past its sell-by date, R3 are bust and distributed ledgers are dead. I think it’s related to the journalists who, having delighted in bigging up blockchain big time for the past two years are now relishing … The post Blockchain is dead, long live the Blockchain appeared first on Chris Skinner's blog. Blockchain Fintech Future Grid Innovation Technology ValueWeb

Will blockchain replace core banking?

Chris Skinner

Today’s share is from Simon Taylor, he of the blockchain fame … The post Will blockchain replace core banking? Blockchain Future GridI’ve got lots more to write about digital transformation and the things I’m learning from banks engaged in doing it but, to give you a break, I also have a couple of fantastic guest submissions which are worth sharing.

The advantages of blockchain over traditional payments

Mobile Payments Today

By eliminating middlemen, cross-border blockchain payments can result in even faster transfers while significantly reducing costs for both merchants and customers

Do we need a blockchain?

Chris Skinner

I haven’t written about blockchain for a while. I’m not bored of the promise of blockchain and distributed ledger technologies. Just bored of how much hype there has been and of so many companies claiming to have the latest blockchain breakthrough. … The post Do we need a blockchain? Blockchain Digital Bank Fintech Grid TechnologyI guess it’s because I got bored of it.

Using Blockchain To Improve Cross-Border Remittances

PYMNTS

Blockchain, at least to some observers, is synonymous with cryptos. Roxe, an open global payment network, uses the blockchain to transfer value instantly on the company’s Roxe Chain. Blockchain CBDC cross-border payments cryptocurrency digital currrency international News Roxe

Blockchain Is Accelerating The Digitization of Trade Transactions

PYMNTS

The need to accelerate digitization also recently led BNY Mellon to join the Marco Polo Network, an Ireland-based digital trade and payment solutions provider that is working to introduce blockchain technology into international trade finance.

Figure, New York Community team up on blockchain projects

American Banker

Fintech Blockchain

Blockchain: a solution looking for a problem?

Chris Skinner

These included: Mastercard partners R3 … R3 and Infosys complete blockchain trade finance trial Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT … The post Blockchain: a solution looking for a problem? Blockchain Future GridBeing conference season, there were many announcements in the past week about headlines companies wanted to gain with their innovations. One of the main headline grabbers for me came from R3.

MPs battle over blockchain

Chris Skinner

Conservative MP Eddie Hughes has just written a 36-page white paper extolling the benefits of blockchain for Britain, which was published yesterday Unlocking Blockchain: Embracing new technologies to drive efficiency and empower the citizen, by FREER. FREER is a major new initiative from the Institute of Economic Affairs (IEA, a … The post MPs battle over blockchain appeared first on Chris Skinner's blog. Blockchain Grid Innovation

What’s next for blockchain?

Chris Skinner

I recently wrote an article for Bloomberg’s Business Week, and thought it worth sharing with y’all here: What’s next for blockchain? Everyone got very excited a few years ago about blockchain technologies, the ledger system that was spawned by the arrival of bitcoin in 2009. It allows the recording of … The post What’s next for blockchain? Blockchain Digital Bank Fintech Grid Innovation ValueWeb

Cardano Partners With Ethiopia Government On National ID Blockchain System

PYMNTS

Input Output (IOHK), the company behind the Cardano cryptocurrency, plans to build a national ID blockchain system in Ethiopia. Blockchain Cardano international News What's Hot

Bank BBVA Teams With Ant’s Blockchain Platform Trusple

PYMNTS

Bank BBVA , recently acquired by PNC Financial Services , is now offering payment and financing services on Trusple — China’s Ant Group’s blockchain platform for global trade. Read More: BBVA to offer payment and financing services on Trusple – Ant Group’s blockchain platform for global trade.

Blockchain 101: Mobile payments

Mobile Payments Today

Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry

Is Stupid Money Chasing Blockchain?

Bank Innovation

There seems to be a profound conundrum facing blockchain and its implications for financial services. While it is true that blockchain seems to have the potential to “transform” financial services, it also faces steep challenges. It begs the question: is the at least $250 million invested in blockchain so far this Read More. Commerce Compliance Corporate Operations Payments Risk Security Technology ACI BlockChain central banks INV Fintech UBS

How blockchain will impact the supply chain

Mobile Payments Today

Blockchain technology can provide excellent tools for supply chain management. Former Coca-Cola executive Kraig Adams talks about how he got involved with blockchain technology and how it will transform supply chain management

WallStreetBets Rolls Out Blockchain-Fueled App With ‘Exchange-Traded Portfolios’

PYMNTS

WallStreetBets, whose community became famous by short squeezing GameStop stock by working together on social media platforms like Reddit, has launched a blockchain powered application to “decentralize indices,” according to an announcement.

Ana Botin of Santander on FinTech and Blockchain

Chris Skinner

But when the interviewer, Erik Schatzker, asks her … The post Ana Botin of Santander on FinTech and Blockchain appeared first on Chris Skinner's blog. Blockchain Digital Bank Fintech Grid Innovation Payments Purpose

Blockchain — and the Cloud — Attack Trade Finance Pain Points

PYMNTS

In a bid to simplify things, advanced technologies such as blockchain can address those pain points, particularly where working capital is involved. See also: BNY Mellon Introduces Blockchain Tech to International Trade Finance .

Nevada Gov Sisolak Wants Blockchain-Based Cities

PYMNTS

Steve Sisolak has laid out guidelines for technology companies to develop whole cities based on blockchain, The Wall Street Journal (WSJ) reported. Blockchains has secured rights to groundwater near a desert playa 100 miles away, with plans to build a pipeline. Nevada Gov.

Nevada 281

Creating a ‘Blockchain Industry:’ Patenting the Blockchain

Bank Innovation

Patent filings for blockchain technology have more than tripled since 2014; this spike includes patents filed by cryptocurrency exchanges such as Coinbase, payment processors like Mastercard, and banks like Goldman Sachs and the Bank of America. Online Payments Technology Virtual Currency Bitcoin BlockChain cryptocurrencies MasterCard patent law

UPDATE: The Blockchain Hype is Dead!

Chris Skinner

Talking about spoof news, I think my blog Blockchain is dead upset a few blockchain enthusiasts. Don’t get me wrong, as it’s … The post UPDATE: The Blockchain Hype is Dead! Blockchain Future GridFor those fooled by yesterday’s spoof news about Alipay and Visa, did you notice it was April 1? If not, you should have clicked the link in the blog. appeared first on Chris Skinner's blog.

Applying Blockchain to Identity

Chris Skinner

In my final deep dive into blockchain use cases, I come to digital identity. First, we need to understand what we mean by identity before we can talk about how blockchains could help. Second, we need to understand the difference between blockchain and shared ledgers which, … The post Applying Blockchain to Identity appeared first on Chris Skinner's blog. Blockchain GridNow this is a thorny area for three reasons.

The Future Of Payments Is Blockchain

PYMNTS

Stephen Pair, co-founder and CEO of BitPay, believes blockchain is the future of the payments industry. In The Connected Economy’s Power Source – CEO Edition , find out why Pair thinks that merchant and consumer adoption of blockchain will continue to accelerate in 2021.

Figure wins SEC approval to sell securities on its blockchain

American Banker

Blockchain Securities

50 shades of blockchain …

Chris Skinner

I’ve written about Bitcoin and blockchain for half a decade, and now banks are all talking about it too. There is a belief that the blockchain technology that came from the Bitcoin structure could revolutionise banking. But there’s a problem, not with blockchain protocol, but with the hype and confusion that surrounds it. How will banks … The post 50 shades of blockchain … appeared first on Chris Skinner's blog. Blockchain Grid Technology ValueWeb

China SMBs Complete $580M In Cross-Border Transfers Using Blockchain

PYMNTS

Some 208 small- to medium-sized businesses (SMBs) in China’s Yunnan province have conducted 638 international transactions using a blockchain platform developed by the government, CoinDesk reported, citing an article in the Chinese government-run Spring City Evening News.

Blockchain Gets Off The Ground In B2B Payments

PYMNTS

Blockchain captures the spotlight in this week’s B2B Payment Rail Innovation roundup, with community banks in the U.S. Meanwhile, one FinTech touts the progress it’s already made wielding blockchain for B2B transactions. Paystand Marks B2B Payments Volume On Blockchain.

Amazon seeks expert in blockchain, distributed finance

American Banker

Amazon Blockchain Retailers