Rabobank on verge of launching first major commercial blockchain platform in finance
Rabobank, Deutsche Bank, HSBC, KBC, Nordea Santander Uni Credit, and Société Générale have developed the we.trade blockchain platform. The platform was created to increase trade finance access for SMEs through establishing a blockchain platform. All of Rabobank’s corporate clients are expected to be able to access the platform from mid-July onwards which, according to Finextra, […]
Last call for Accenture Innovation Awards
The Accenture Innovation Awards are a year-round programme for outfits that have unique innovations that are less than three years old, have disruptive potential, and target changing society for the better. Registration for the Awards is open until July 1, 2018. The Awards seek to set up an ecosystem where all innovators can come together to […]
South African Reserve Bank, Dutch Central Bank release results on DLT trials
The South African Reserve Bank (SARB) has released a report detailing the successes of its ‘Project Khokha’, an extensive trial of distributed ledger technology involving seven banks over a period of three months. Absa, Standard Bank, Capitec, Discovery Bank, FirstRand, Investec and Nedbank – were involved in a proof-of-concept test that used Quorum, an “enterprise-focused” version of Ethereum, […]
Week 21: Research in a Glance
Breaking down the Blockchain by PYMTNS An e-book compilation of expert, stakeholder and industry veteran opinions on the true utility of blockchain and its disruptive potential in business applications. Trends in innovation, diversity and inclusion by Anthemis Group Drawing from the survey results of senior executives, the report is an overview of innovation, diversity and […]
HSBC and ING lead on “first” viable, scalable trade finance transaction on blockchain
The two banks and food and agriculture multinational Cargill carried out the trade finance transaction last week, involving shipping soybeans through multiple countries. R3’s Corda blockchain platform carried out the finance end of the transaction using a digital letter of credit. ING and HSBC are enthusiastic about the potential of blockchain for trade finance, with […]
Netherlands sets National Blockchain Agenda
This is a first for the country. The agenda was created collaboratively amongst government, business, and research institutions to be used as a research guideline for Dutch universities, applied sciences colleges, and other entities. As such, the Agenda sets aside millions of euro for scientific research into blockchain. It is positioned to be a part […]
Week 17 – Research At A Glance
This week, we found research about trends and specific market analyses on the fintech sector, including reports on fintech funding in East Africa and a sweeping global fintech report by CB Insights on fintech financing in the first quarter of 2018. Besides these, we located reports that hone in on major technology issues such as […]
Lithuania wants to launch Virtual Limited Liabilities Companies
The blockchain-based Virtual Limited Liability Companies (VLLCs) would allow foreign companies to remotely register and manage their businesses in the country, giving them access to the country’s innovation-friendly regulatory sandbox and the EU. A proposal is being drafted by the Lithuanian Centre of Registers regarding the necessary legal amendments to launch the VLLCs in 2019 […]
Blockchain and AI in LegalTech
Blockchain use is increasing. AI technology is developing. What effect does this have on the LegalTech industry? How does this relate to activity in fintech? Why do people talk about blockchain so much? Because it is the answer to many questions, one such question is cyber security. Raconteur in its special ‘Legal Innovation’ report found that […]
Credit Suisse and ING complete live EUR 25 million blockchain transaction
The transaction was carried out on R3’s Corda blockchain platform using HQLAx’s securities lending app. It was the first live securities lending transaction completed on R3’s blockchain platform, and one of the first cases of distributed ledged technology (DLT) being used live for a capital markets transaction. The transaction involved legal ownership exchange of German […]