UK Pension and Welfare Agency Examining Blockchain and DLT
The United Kingdom pension and welfare agency has identified blockchain and distributed ledger technology (DLT) as technologies that could disrupt the payments industry.
India Adopts Blockchain and IoT for Safe Delivery of Life-Saving Vaccines
In a bid to enhance global delivery of life-saving vaccines and eliminate wastage, Siddarth Chakravarty, a former Cisco employee and entrepreneur is developing a distributed ledger technology (DLT) based solution that enables end-to-end tracking of vaccines, reports Times of India on August 10, 2019.
IBM, Tata Become First Big Techs to Back Hedera Blockchain
IBM and Indian telecom company Tata Communications have joined the governance council of Hedera Hashgraph, a blockchain-like public network for enterprises.
Oracle in bee supply chain blockchain
Oracle has partnered with the World Bee Project (WBP) to introduce blockchain technology to the honey supply chain. The tech company will help WBP to develop a “BeeMark” label, guaranteeing honey produce is from ecological and sustainable sources.
‘Billions’ May Be Saved By Tokens Backed With Central Bank Money: BoE Chief
Bank of England governor Mark Carney said that distributed ledger tech (DLT) projects have the potential to “unlock billions of pounds in capital and liquidity” — and that they might one day see closer cooperation with the central bank itself.
Italy’s Banks to Use Blockchain to Boost Settlements and Improve Transparency
Italian banks will deploy blockchain technology to run reconciliations starting in March 2020, financial technology news outlet Finextra reported on June 18.
CFTC Chair Says Distributed Ledger Tech Can Aid Market Watchdogs
Advances in financial technology may be useful for improving the regulation of derivatives markets, Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo said Wednesday.
CFTC Commissioner Cites CryptoKitties, Dogecoin When Talking DLT Uses
A commissioner of the Commodity Futures Trading Commission (CFTC) spoke positively about the potential uses for blockchain while emphasizing how his agency must respect its role in financial markets during a meeting of international regulators on Thursday.
Swiss Financial Association Publishes Anti-Money Laundering Standards for Digital Assets
The Switzerland-based Capital Markets and Technology Association (CMTA) has published new anti-money-laundering (AML) standards for digital assets and distributed ledger technologies (DLT) Oct. 18.
World Payments Report 2018: DLT Falls Short of Meeting Financial Market Demands
The World Payments Report 2018 published Oct. 16 has found that distributed ledger technology (DLT) is not currently capable of meeting financial market demands. The annual report was jointly compiled by consulting and technology services firm Capgemini and leading European bank BNP Paribas.
World Bank President: Distributed Ledger Technology Has ‘Huge Potential’
The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies. Kim spoke at the International Monetary Fund (IMF) and the World Banks’ Annual Meeting in Bali, Indonesia Oct. 11.