Tag: Distributed Ledger Technology

Reserve Bank of India Nudges Banks To Develop Blockchain Apps

India is quickly becoming an interesting country to keep an eye on when it comes to Bitcoin and blockchain. It is evident the region is focusing heavily on regulation, but the government also wants to explore the potential of blockchain applications. The Reserve Bank of India actively advises banks to study these opportunities further, which is an interesting change to keep an eye on. Reserve Bank of India Wants Blockchain …
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David Gunn: “Not Participating in Blockchain Research Is Not A Viable Option For Banks”

The blockchain industry has come to an interesting crossroads. On the one hand, major banks are pushing to deploy this technology as soon as possible. But on the other hand, there are those who think this is all just hype and do not see a first mover advantage. David Gunn, a financial analyst, feels this lackluster attitude will end up costing the banks a lot of revenue in 2016. Should …
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Digitizing UK Bureaucracy With Distributed Ledger Technology

It is no secret how blockchain technology could help digitize a ton of different services and reduce the cumbersome administrative workload plaguing our society. While there’s a definite need for bureaucracy right now, not all of these processes have to take weeks or even months to complete. Incorporating distributed blockchain technology could streamline a lot of processes, and the UK might be one of the first regions to embrace this …
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Bank of America Set To File 20 Additional Blockchain Patents

Whenever a major bank decides to file for patents regarding blockchain technology, people‚Äôs interests piqued immediately. The main goal of digital currencies such as Bitcoin is to create an ecosystem where everybody can be part of the system, by using blockchain technology in open source format accessible to everyone. Bank of America feels this is an opportune time to register another 20 blockchain patents, which can be seen as a …
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