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.

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.

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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

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.

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

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

Are you pulling my blockchain?

Chris Skinner

I just gave a presentation on blockchain. I haven’t been asked to make a specific presentation on blockchain for over a year, so it meant dusting off some rusty notes and slides and thinking about where we are today. I know that last year, I spent most of the year … The post Are you pulling my blockchain? Blockchain Fintech Future Grid

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.

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

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

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.

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

Contour Completes Blockchain Transaction Between Two Cos

PYMNTS

Decentralized digital finance trade platform Contour has completed a pilot blockchain transaction between textile companies Tainan Spinning and Century Synthetic Fiber Corporation in Vietnam, according to a press release.

Report: JCB Developing Blockchain B2B Payment Product

PYMNTS

JCB , a Japanese card provider, is developing a blockchain B2B payment offering specifically for netting trades between two parties. In May, JCB unveiled a partnership with TECHFUND , the tech upstart accelerator, to look into the idea of a payment infrastructure with blockchain options.

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

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.

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

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

The 10-year-old who runs a blockchain company

Chris Skinner

My examples include John and Patrick Collison, Stripe, who were 19 and 21 when they started their business; Andrew Kortina and Iqram Magdon-Ismail, who were in their mid-20’s when they created Venmo; Nicolay Storonsky, who was … The post The 10-year-old who runs a blockchain company appeared first on Chris Skinner's blog. Blockchain Case Studies GridI often talk about the world changing thanks to young people who can code.

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.

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

Chatbots with Blockchain – Plumbing or Showerheads?

Daily Fintech

The post Chatbots with Blockchain – Plumbing or Showerheads? InsurTech #blockchain #conversationalai #policypal #singlife #vaiot chatbotsShopping for insurance or filing a claim can be arduous.

XBRL News: Blockchain, specifications and ESEF

Daily Fintech

1 Blockchain and XBRL: The Myth Currently, many jurisdictions around the world require public companies to produce financial reports using XBRL. The myth that blockchain could replace XBRL in the production of financial information is incorrect. Blockchain is not a data […].

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 PurposeReally interesting interview here with Ana Botin, Executive Chair of Santander, on Bloomberg. It starts with talking about how Santander can make a difference on climate change with Ana claiming that the bank is voted the most sustainable bank in the world.

Blockchain in Insurance #insurtech

Bank Innovation

Blockchain in Insurance is currently at this intersection, which is why we see so much interest in the subject. The technical risk is lessening every day (there… Read more Blockchain in Insurance #insurtech. Newswire Bitcoin & Blockchain BlockChain InsurTech P2P Insurance smart contracts

Ripple Invests $25M in Blockchain Capital

Bank Innovation

Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space. Capital Cryptocurrency Online Payments BlockChain Blockchain Capital cryptocurrency funding Investment Ripple

CBDC and Technology: Enabling Blockchain to Drive Change

Accenture

The post CBDC and Technology: Enabling blockchain to drive change appeared first on Accenture Banking Blog. Central bank digital currency (CBDC) represents a potential digital sea change in the daily function of finance.

Applying Blockchain to Payments

Chris Skinner

I’ve blogged for over a week about blockchain based developments in Clearing & Settlement and Trade Finance, and will continue for another week talking about the developments in Payments and Digital Identity. However, at this point, I should clarify that I use the term blockchain as an overall term to describe what is happening. I … The post Applying Blockchain to Payments appeared first on Chris Skinner's blog. Blockchain Payments Uncategorized

Enterprise Blockchain Consortiums – Part 1

Bank Innovation

2016 was a big year for Blockchain. The hype around Blockchain was palpable, and we saw news from all around the world about various initiatives picking up steam. Corporate Innovations Mobile Online Retail Startups Technology Virtual Currency BlockChain Chain distributed ledger Ethereum Hyperledger R3While this entry is not meant to provide a comprehensive state of *all* of the consortiums out there, I am attempting to capture the ones that seem […].

Enterprise Blockchain Consortiums — Part 2

Bank Innovation

This is the second part of my article about blockchain consortiums, focusing on the enterprise market. Exclusive Startups Technology Virtual Currency BlockChain blockchain consortium Chain Enterprise Blockchain Enterprise Ethereum Ethereum Fiserv RippleIn Part 1, I covered Linux Foundation’s HyperLedger Project, which acts as an umbrella for Fabric, Intel Sawtooth Lake, and Iroha. I also touched on R3’s Corda, and Digital Asset Holdings’ offerings.

Top 10 Blockchain Headlines of 2016

Bank Innovation

Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More. Online Payments Security Technology Uncategorized Virtual Currency 2016 artificial intelligence BlockChain KYC money transfer R3CEV Ripple

 Blockchain Dials Up Smartphones

PYMNTS

The world’s first blockchain-enabled smartphone will debut in Bangladesh , India. Bitcoin Blockchain Hack? Separately, bitcoin’s blockchain has been hijacked by malware installed that uses the network itself to repel attacks, according to Forbes. The malware uses the bitcoin blockchain to update, meaning it can continue running even if a device’s antivirus software blocks its connection to servers run by the hackers,” reported Forbes.

#Blockchain? It’s complicated

Chris Skinner

The debate was about whether blockchain is faster and cheaper, and it was clear from the start that this was going to be difficult as the question … Blockchain Fintech FSClub Grid ValueWebWe had a great debate at the Financial Services Club last night between digital money sage Dave Birch of Consult Hyperion, and all things bitcoin master Jon Matonis.