On The Web

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Systems

Why Blockchain Could Revolutionise Trade Finance Documentation

June 6 2018

• in
• Distributed Ledger Technology (DLT)
• Supply chain hacks

“These processes suffer greatly from built-in inefficiencies and it is not surprising at all that escrow payments, trade finance and processing and document store have all been identified as potentially benefitting from the application of blockchain. Fuelled by smart contracts to mediate payments, goods delivery and shipment updates, an new solution is being crafted by the […]

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Companies

Ripple Is Going After Startups To Build An Ecosystem Around The XRP Cryptocurrency

May 14 2018

• in
• Distributed Ledger Technology (DLT)
• Ripple

“Former head of Facebook’s developer network leads ‘Xpring’ initiative to expand the $28B cryptocurrency. Ripple is making a push to expand the use of the XRP cryptocurrency it created into new verticals and segments beyond the payment and banking space where the company is focused.”

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Tech

Why Blockchain Will Survive, Even If Bitcoin Doesn’t

March 12 2018

• in
• Distributed Ledger Technology (DLT)

“Take logistics. Already, 1.1 million items sold or on sale at Walmart are on a blockchain—including chicken and almond milk—helping the company trace their journey from manufacturer to store shelf. Global shipping giant Maersk uses the same technology from IBM to track shipping containers, making it faster and easier to transfer them and get them through customs.”

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Companies

Blockchain Proof Of Concept Completed By SWIFT

March 9 2018

• in
• Distributed Ledger Technology (DLT)

“The PoC sought to answer a number of questions surrounding DLT: whether the technology, combined with SWIFT assets, would meet industry-level governance, security and data privacy requirements; whether DLT could bring concrete benefits over other architectures; and to check the technology’s current level of maturity to serve as a production-grade application within a mission-critical global […]

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Domains

Banks Unlikely To Process Payments With Distributed Ledgers For Now, Says Ripple

June 15 2018

• in
• Cross-border payments
• Distributed Ledger Technology (DLT)

“Banks are unlikely to use distributed ledgers to process cross-border payments for now because of scalability and privacy issues, according to Ripple, one of the most prominent startups developing the technology. “I will concede, we haven’t gotten there yet,” Ripple’s chief cryptographer David Schwartz said in an interview. Banks have been vocal about taking steps […]

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Case Study

Advances In Real Time (Case Study)

July 13 2018

• in
• APIs
• Distributed Ledger Technology (DLT)
• Real-Time Payments

“[T]he rise of digital financial services has changed the nature of payments and payment platforms in many ways. Customers can transfer money across great distances with a few taps on their mobile phones, with low or no associated fees. Providers can reach customers they weren’t able to before—namely, people with very limited assets who are […]

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Tech

Singapore Exchange and regulator in cross-DLT settlement breakthrough

November 13 2018

• in
• Distributed Ledger Technology (DLT)

“The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have developed delivery versus payment (DvP) capabilities for the settlement of tokenised assets across different blockchain platforms. As reported in August, the pair signed a collaboration to develop this DvP. Anquan, Deloitte and Nasdaq were appointed as technology partners for this project. It was one […]

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Providers

IBM And FX Giant CLS Team Up To Launch Blockchain App Store For Banks

July 30 2018

• in
• Banks
• Blockchain
• Distributed Ledger Technology (DLT)

“Even private and permissioned blockchains need to build ecosystems and achieve network effects, just like their permissionless, public counterparts. At least, that’s the thinking behind LedgerConnect, a financial blockchain “app store” that aims to make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers, and for those vendors […]

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Global

Hong Kong Regulator, Banks Launch Blockchain-based Trade Finance Platform

July 18 2018

• in
• Banks
• Blockchain
• Distributed Ledger Technology (DLT)
• Hong Kong

“Hong Kong’s banking regulator and seven banks, including HSBC Holdings PLC and Standard Chartered PLC, on Tuesday said they will jointly launch a trade finance platform in September using blockchain technology.The platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the multi-billion dollar trade finance sector using the […]

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Tech

HSBC Settled Over $250bn Using DLT Technology in 2018

January 15 2019

• in
• Distributed Ledger Technology (DLT)

“HSBC, one of the world’s largest bank institutions, has revealed that throughout 2018 it settle more than $250 billion in transactions using distributed ledger technology (DLT).  In a press release, the bank stated that it had been using it’s “FX Everywhere” platform in order to complete over 3 million foreign exchange (FX) transactions and made an additional 150,000 […]