The Federal Reserve flirts with blockchain. Global central bankers learned about blockchain technology at the Federal Reserve's annual meeting last week. Federal Reserve Chair Janet Yellen reportedly called for central banks to study blockchain and noted that the Fed does not have the authority to regulate cryptocurrency. Coverage of the meeting, closed to the media, is classic … [Read more...] about BLOCKCHAIN WATCH 06/12/16
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BLOCKCHAIN WATCH 06/05/16
Microsoft steps up its blockchain business, as it seeks to build an open blockchain-based identity system with Blockstack and ConsenSys. One of the trends I'm watching accelerates as the term "smart contracts" gets a workover by lawyer and blockchain consultant Josh Stark. And a set of tools "to issue, display, and verify digital credentials using the bitcoin blockchain and the … [Read more...] about BLOCKCHAIN WATCH 06/05/16
BLOCKCHAIN WATCH 05/29/16
There’s been a lot of chatter surrounding the potential blockchain applications, but many banks are still testing. IntelligentHQ outlines the different applications for blockchain in and outside of finance ranging from smart contracts in the legal sector to payments infrastructure. For a breakdown of blockchain companies, visit the Blockchain Angels’ excellent and comprehensive … [Read more...] about BLOCKCHAIN WATCH 05/29/16
THE BLOCKCHAIN WATCH 05/01/16
Your business needs a blockchain czar, William Mougayar writes in a piece for CoinDesk. Blockchain won’t have a chance to truly make impact until it’s recognized by the board room key players. How can we speed up the experimentation of blockchain? Build a blockchain lab for trials, establish internal task forces, and appoint a “blockchain Czar” or corporate figure to rally … [Read more...] about THE BLOCKCHAIN WATCH 05/01/16
THE BLOCKCHAIN WATCH 04/22/16
The federal reserve speaks up on blockchain, reports Business Insider. "It's pretty astounding," said Token CEO Steve Kirsch in his presentation at NACHA's Payments 2016. "This stuff is very real, and it is coming." Token is building a secure digital payments system. In an April 14 speech (PDF) Lael Brainard, a member of the Federal Reserve Board of Governors, surveyed … [Read more...] about THE BLOCKCHAIN WATCH 04/22/16
THE BLOCKCHAIN WATCH 03/17/16
"While FinTech disrupts banks, the blockchain disrupts FinTech," reports NASDAQ in writing about a PwC report on the blockchain. About 83% of financial services companies thinkspecific aspects of their businesses are at risk to various FinTech companies, a PwC survey shows. Among its other findings are: financial institutions underestimate blockchain and consumer banking and … [Read more...] about THE BLOCKCHAIN WATCH 03/17/16