Weekly Analysis & Opinion Highlights - 16 August 2021

Weekly Analysis & Opinion Highlights – 16 August 2021

This analysis & opinion piece dives into the advice about open banking, tech skills, Ethereum, blockchain, cloud services and crypto.  Enjoy the selected materials.

The data ethics of Open Banking (Finextra)

Natalie Cramp, CEO at Profusion, elaborates on the Open Banking movement pace in the UK. Without realizing it, many people are now benefiting from new products and processes that have been enabled by Open Banking’s free flow of financial data. Read more.

Empowering employees to innovate as tech skills shortage persists (Cyber Security Connect)

Eric Swift, from ServiceNow, explains how organizations can maximize the cyber potential of their workforce. Recent research from RMIT Online and Deloitte Access Economics has identified a need for 156,000 new technology workers, with 87 percent of jobs now requiring digital skills. Read more

Ethereum Miners Make Multimillion-Dollar Bet on Upgrade Delay (CoinDesk)

David Pan, a news reporter at CoinDesk, highlights the fact that major bitcoin (BTC, +2.72%) mining firms and miner manufacturers are increasing their investments in ethereum (ETH, +3.65%) mining despite the second network’s impending switch to proof-of-stake. Meanwhile, public bitcoin mining companies Hut 8 and Hive are increasing their capacities to mine the second-largest cryptocurrency by market cap. Read more

Blockchain Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2026 (The Market Writeup)

Writers at The Market Writeup, highlight the fact that the use of a blockchain eliminates the characteristic of infinite generation of data from a digital asset. The driving factors for the growth of this market are reduced total cost of ownership and growing demand for distributed ledger technology. Read more

Is a change of approach required to benefit from cloud services as critical infrastructure? (The Fintech Futures)

Suzie Miles, Partner at Ashfords, explores the fact that financial Institutions have traditionally utilized highly customized, on premise technology and infrastructure with large data centers that are typically expensive to implement and not able to support rapid transformation and innovation. IT support and development teams get caught up working on updates and upgrades to legacy systems and innovative new solutions and applications can take years to integrate into the existing IT infrastructure, meaning the financial services sector has in some areas struggled to keep pace with other sectors. Read more.

What Blockchain Oracles Do Not See (CoinDesk)

Mike Elias, author at CoinDesk, investigates a blockchain sector. Blockchain promises an immutable history of on-chain data. But the “ledger of record” is merely the newest version of an old trick – the manufacture and distribution of certainty. Read more

Money Reimagined: A Turning Point for Crypto (CoinDesk)

Michael J. Casey, chief content officer at CoinDesk, shares a thought that even as crypto lost a battle over taxes in Congress this week, it felt like a victory. Officially, the debate ended in a loss for the crypto community, but as this week’s column points out, it actually played out as a positive watershed moment in the technology’s public profile. Read more


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