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 is dead

Chris Skinner

I used to blog about blockchain and distributed ledger technology (DLT) almost once a week … four years ago. Blockchain Digital Bank Fintech Grid Opinion PaymentsToday, I hardly blog about it at all.

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 Grid

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. Blockchain Fintech Future Grid Opinion

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. 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 Grid

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.

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 Grid

The 10-year-old who runs a blockchain company

Chris Skinner

Blockchain Case Studies GridI often talk about the world changing thanks to young people who can code.

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

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

Blockchain-Friendly Smartphone Introduced By Samsung

PYMNTS

Samsung ’s latest Galaxy Note 10 aims to boost blockchain adoption by making it more user-friendly, The Wall Street Journal reported Thursday (Sept. The new product will be marketed as a “KlaytnPhone,” named after a South Korean blockchain platform, sources told the WSJ.

Mastercard Inks Bahrain Blockchain Partnership

PYMNTS

Mastercard is collaborating with Bahrain’s Electronic Network for Financial Transactions ( BENEFIT ) to develop a blockchain-powered B2B payments solution, according to a press release Tuesday (July 30).

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

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. Blockchain GridNow this is a thorny area for three reasons.

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

Finastra Taps Ripple To Power Blockchain Payments

PYMNTS

Real-time currency exchange and remittance network Ripple has teamed up with Finastra to allow banking customers to access RippleNet , its worldwide blockchain payments network. Blockchain cross-border payments Digital Banking Finastra News RippleNet What's Hot XRP

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. Blockchain Payments Uncategorized

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.

FIs Look Inward For Faster Blockchain Deployment

PYMNTS

Though the manic blockchain hype of 2018 has died down somewhat, FinTechs, banks and corporates continue to collaborate and innovate as they develop distributed ledger technology solutions for a range of use cases, including faster cross-border transactions.

JPMC Adds Deutsche Bank To Blockchain Roster

PYMNTS

Deutsche Bank , Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase -led blockchain initiative, the Financial Times reported Sunday (Sept. More than 65 banks are live on the JPMorgan blockchain, and 255 are in the process of joining.

Blazing a path for blockchain in banking

Insights on Business

According to a report from Santander, blockchain technology is poised to save banks $20 billion dollars a year in infrastructure costs by 2022. Instead, he and his team identified a key client challenge for which blockchain could provide a valuable solution.

Will tech giants like Facebook, Google take over blockchain?

Mobile Payments Today

Giants in retail, banking and the Web are rapidly adopting blockchain technologies. But, will these companies such as Google and Facebook truly dominate blockchain

Google 242

 Samsung Eyes Blockchain Smartphone?

PYMNTS

In the world of blockchain phones, another name may crowd the pantheon. Said sites including thenextweb.com , Samsung, no small player in mobile devices, submitted three trademark requests in Europe that offer up some clues into blockchain-focused phones.

Blockchain Makes Inroads Into Banking

PYMNTS

In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

Mastercard Blockchain Patent Would Support Multiple Currencies

PYMNTS

Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. So Mastercard wants to implement a method to create a blockchain that enables different blocks that can store different types of information.

Oracle Boosts Blockchain Efforts

PYMNTS

The movement to embrace blockchain — notably, among some tech giants — has gotten some momentum in recent days, with new announcements of projects going live. 12) that it has as many as a dozen enterprise clients using a cloud-based blockchain platform that went live in the summer of 2018.

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. Capital Cryptocurrency Online Payments BlockChain Blockchain Capital cryptocurrency funding Investment Ripple

Blockchain, Ready For Bank Supervision?

PYMNTS

To that end, the Bank for International Settlements (BIS) said in a paper titled “Embedded supervision: how to build regulation into blockchain finance” that distributed ledger technology (DLT) could be a part of bank infrastructure and could be used to automate supervision.

Amazon Eyes Blockchain

PYMNTS

An announcement Wednesday (November 28) said AWS is launching Amazon Quantum Ledger Database, as well as Amazon Managed Blockchain – solutions that Amazon Web Services CEO Andy Jassy said are “something that a lot of companies need.”

Brexit A Boon For Blockchain?

PYMNTS

Late this month, a study from Nexus found that across 200 businesses surveyed, more than half of large and mid-sized companies queried are looking to adopt blockchain in an effort to mitigate operational risks in the wake of Brexit. That would leave room for blockchain.

Is Blockchain The Next Wave For Digital IDs In Europe?

PYMNTS

At the highest level blockchain proponents say that distributed ledger technology (DLT) has the ability to safely, and immutably, transfer data, payments and … well , seemingly any exchange of value and information that one might envision.

Accelerating Blockchain Transformation

Insights on Business

In March of 2016, I testified on the revolutionary nature of blockchains before the U.S. Since that time, blockchains have continued garnering interest across multiple industries from banking to health care, and have been explored for quite a few additional use cases. Permissioned blockchains can provide value to customers through their ability to establish consensus between parties, provenance of assets, immutability of ledgers, and finality of transactions.

Blockchain for KYC: Game-changing RegTech Innovation

Insights on Business

Consider, for example, the blockchain space. Innovators such as Alex Carmichael, COO of Promontory Financial Group Australasia, are expanding the frontiers of blockchain innovation into areas such as risk and compliance, anti-money laundering and know-your-customer (KYC).

For IBM, Blockchain as ‘Team Sport’

PYMNTS

In the ongoing move to embrace blockchain, Facebook may have its allies. IBM has said it is “willing” to work with Facebook on blockchain, as noted by an IBM executive. IBM, for its part, has been developing blockchain known as Stellar, focused on cross-border payments.

Blockchain’s Real-Time Payments Use Case

PYMNTS

Players in payments and commerce keep trying to get their heads around blockchain technology, seeking out use cases and striving to determine if the reality can ever live up to the hype. That said, blockchain is no silver bullet, to put it mildly. Blockchain Problems.

XinFin Connects Blockchain Factoring Tool To QuickBooks

PYMNTS

Blockchain company XinFin is rolling out an integration between its invoice factoring application InFactor and QuickBooks. Factoring and the broader trade finance space are popular use cases for blockchain innovations.

Tools 251

Applying Blockchain to Trade Finance

Chris Skinner

After Clearing and Settlement as a blockchain use case, the next big area of interest is Trade Finance. Blockchain GridThis is primarily because it’s an area full of inefficiencies and open to fraud.

Even British Airways gets blockchain now

Chris Skinner

So imagine my … The post Even British Airways gets blockchain now appeared first on Chris Skinner's blog. Blockchain Grid

How Collectives Aim To Make Cities Into Blockchain Centers

PYMNTS

Blockchain technology is taking hold in the Southwest, with the help of organizations encouraging development in the space. A group called the Austin Blockchain Collective , for instance, is looking to establish the Texas city as a hub for blockchain innovation.

Austin 254

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

In India, Dialing Up Blockchain Via Telecom

PYMNTS

Blockchain efforts — on a large scale — got a boost this week when Reliance Jio, the India-based mobile network operator, said it would set up one of the largest blockchain networks in the world. Blockchain, Taking Flight (Literally)?

In Switzerland, Regulators Eye Payments Over Blockchain

PYMNTS

As reported by CoinTelegraph , Switzerland ’s Financial Market Supervisory Authority (FINMA) this week unveiled guidance on the regulatory requirements that govern payments done over blockchain. Blockchain will integrate BitPay’s payment architecture into its wallet service.