The digital currency behind blockchain technology has seen ups and downs over the course of the last seven months. Bitcoin started off 2017 at just under $1,000, then soared to over $3,000 in May. Just this week, the cryptocurrency has seen an approximately 14 percent...
Bitcoin came onto the scene nearly a decade ago in 2009 and has slowly been making strides in the financial world ever since. What makes it unique is that it was developed and is managed by cryptocurrency, which has no central authority. The digital currency...
Blockchain technology has been making its way through the financial sector and pouring into mainstream industries for the last few years. With the news over the last six months, including companies like AIG and IBM adding blockchain-based smart contracts to the insurance industry along with...
The blockchain has a bit of an identity crisis. Everyone who is anyone in financial services knows what it is, and there is broad consensus at this point that it will play a very important role in financial services. Yet few can really articulate how...
While blockchain technology can be tough to regulate, it is making small strides into mainstream use. Some countries are timid about venturing into blockchain due to its tough-to-regulate persona. As such, this has traditionally made it difficult to take mainstream and implement in an impactful...
In blockchain news, the technology may be on the verge of falling like dominos into widespread commercial use. While many outlets have reported on the difficulties of applying blockchain across industries, implementation issues are mostly due to regulations. Comprised of a technology that can be edited...
Providing physical of identity (IDs) may soon become a thing of the past. While it’s not entirely possible to have the correct identification within reach at all times, there may be a new way to certify someone’s identity without the need to produce papers or...
The insurance industry has now moved full force into the use of blockchain. In a joint announcement, American International Group Inc. (AIG), IBM and Standard Chartered Bank have shared news of initiating the first multinational smart contract, utilizing blockchain technology, for firms that need a multinational...
Blockchain technology may be used widely in the financial services industry, but that doesn’t necessarily mean it will see a smooth transition into the retail sector. It certainly provides transparency among all parties, but the rapid speed with which eCommerce has accelerated processing payments may...
