Tag: blockchain

Blockchain Management Styles At 3 Systemically Important Financial Institutions Show A Diversity Of Strategies

Three of the most prolific enterprise blockchain builders shared a virtual stage last week as they delved into the inner workings of how they use the technology popularized by bitcoin. Unlike your typical blockchain and cryptocurrency event, the trio—Mariana Gomez de la Villa of Dutch bank ING Group, Jennifer Peve of the Depository Trust & Clearing Corp. (DTCC) and Xue Wang from the second-largest bank in the world, China Construction Bank—spoke directly to senior-level executives at some of the largest companies in the world, sharing best practices on how to use the technology that some believe is a threat to their very survival.

The

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OIO to launch blockchain consulting and development services in Indonesia

SINGAPORE, Oct 2, 2020 – (ACN Newswire) – SGX-listed OIO Holdings Limited (“OIO”) is pleased to announce its entry into the Indonesian market with a Memorandum of Understanding (“MOU”) with PT. Infiniti Teknologi Indonesia (“Infiniti”).

Under the MOU, OIO will cooperate with Infiniti to support companies across various Indonesian industries planning to adopt blockchain-based technology in their business operations, with the aim of unlocking new growth areas and addressing operational inefficiencies. The MOU is effective for 2 years from 2 October 2020, unless mutually agreed between the parties for early termination or for further extension.

Background to the Partnership

OIO aims to be a leading provider of cost-effective and innovative solutions based on blockchain to further power the growth of enterprises in Asia. In partnership with Vietnam-based Infinity Blockchain Group (“IBG”), OIO currently markets consultancy and software development services for enterprises seeking to adopt easy-to-use and highly cost-effective blockchain solutions

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Australian government’s digital business plan includes $5M for blockchain

The Australian government this week unveiled its $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives. 

Announced by Prime Minister Scott Morrison ahead of next week’s Federal Government budget, the plan outlines $4.95 million in support for “two blockchain pilots directed at reducing business compliance costs.” Morrison said:

“The plan supports Australia’s economic recovery by removing out-dated regulatory barriers, boosting the capability of small businesses, and backs the uptake of technology across the economy.”

Piper Alderman partner Michael Bacina told Cointelegraph that these two projects are important “to help demonstrate and unlock the value of blockchain”:

“With blockchain adoption accelerating around the world, this funding is a very welcome boost to the Australian blockchain industry and our local expertise.”

As part of the plan, $480 million has been designated for various technological initiatives that could intersect distributed ledger technologies, including $183 million towards a new

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Hyperledger’s Blockchain Platform Adds Visa And SAP Growing Its Membership In September

During September, Hyperledger, an open-source effort created to advance cross-industry blockchain technologies, added eight new organizations, including Chainstack, SIMBA Chain, SIX Digital Exchange, SAP
SAP
and Visa.

The company announced the news at their annual Member Summit, September 9th.

“In a year that has looked like no other, Member Summit is an even more important grounding point for our community,” said Brian Behlendorf, Executive Director, Hyperledger. “The pace of adoption for enterprise blockchain is accelerating, and our members are a driving force for critical new technologies and solutions. Our latest members will be important new voices as we set agendas and roadmaps

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Jack Dorsey Details Twitter’s Blockchain Strategy at Oslo Freedom Forum

Jack Dorsey speaks at Oslo Freedom Forum 2020 (Screenshot)

When Twitter and Square CEO Jack Dorsey spoke at the virtual Oslo Freedom Forum 2020 on Friday, he said blockchain technology is the future of Twitter. 

“Blockchain and bitcoin point to a future, point to a world, where content exists forever,” Dorsey said. “We’re not in the content hosting business anymore, we’re in the discovery business.”

In short, Dorsey expects the nonprofit Blue Sky to create an open Twitter protocol, which users can contribute to and access data from instead of a centralized service where the social media platform hosts content on its website. 

Related: Messaging Giant LINE Launches Token Reward Program

“[Blue Sky] is a completely separate nonprofit from the company [Twitter],” Dorsey said. “We’ll focus on becoming a client of it so we can build a compelling service and business where anyone can access and anyone can contribute.”

Read more: Jack Dorsey Announces New Twitter Team: Square Crypto,

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Visa, Goldman Sachs and Mick Mulvaney join leading blockchain trade association

On Wednesday, the Chamber of Digital Commerce announced the addition of Visa, Goldman Sachs and Six Digital Exchange (SDX) to its executive committee. Mick Mulvaney, a former White House Chief of Staff and a co-founder of the Congressional Blockchain Caucus will also be joining the chamber’s board of advisors.

Mulvaney left the White House in March. On the board, he will be joining a number of figures familiar to Cointelegraph’s readers, including Don Tapscott of the Blockchain Research Institute and former CFTC Chairman Chris Giancarlo, who is now with the Digital Dollar Project.

Regarding the lineup of the advisory board, President and Founder Perianne Boring explained to Cointelegraph the emphasis on getting a range of expertise behind the chamber:

It’s important that when we have diverse views, because when you’re working on public policy, your work impacts everybody. It impacts the entire ecosystem. So you need to make sure

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The top choice for Enterprise Software Solutions with Blockchain and Artificial Intelligence

AYN is a renowned global entity that specialises in Enterprise Software Solutions. Founded in 2009, Mr. Yakub Sheikh steers the healm of this establishment which has flourished tremendously, under his leadership. Priding itself on its state-of-the-art development and delivery centres, AYN has been working with more than 300 consumers worldwide for the last one decade. 

The Core Services adopted by AYN InfoTech within their operations comprise of: 

The inner workings of these core services have been elaborated below:

The various industries that AYN InfoTech has their strong foothold in are in abundance. With an all-inclusive approach, they wish to establish a digital world with streamlined processes. A few of the broad industries they cater to are – Banking & Finance, Manufacturing, Capital Markets, Energy & Utility, Insurance, Transport, Hospitality, Telecom, Real Estate, Retail, Facility Management, Education, and Healthcare. 

To offer a personalised approach for these specific industries, AYN InfoTech has

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Hong Kong Blockchain Week 2020 Goes Virtual to Feature International Leaders of Finance and Tech

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Morgan Stanley Bets on These 3 Stocks; Sees Over 40% Upside

Did the stock market’s epic rally just need a little breather? The last few weeks have seen stocks experience their first meaningful correction since the bull market kicked off in March. Now, the question swirling around the Street is, will the rally pick back up again, or is more downside on the way?According to Morgan Stanley’s chief U.S. equity strategist Mike Wilson, uncertainty regarding the presidential election and stalemate on the next stimulus package could lead to declines in September and October. “On the correction, there’s still downside as markets digest the risk of congressional gridlock on the next fiscal deal. While we think something will ultimately get done, it will likely take another few weeks to get it over the goal line,” he noted.However, Wilson argues the recent volatility in no way signals the end of the

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Mastercard launches blockchain virtual currency test platform for central banks

Over the past few years, Mastercard Inc. has been working on testing a distributed ledger blockchain platform for allowing central banks to exchange currency. Now the financial services giant is ready to launch a Central Bank Digital Currency test platform for that purpose.

According to the Bank for International Settlements, 80% of central banks surveyed have engaged in some form of Central Bank Digital Currency work, and about 40% of central banks have progressed from conceptual research to experimenting with concept and design.

Mastercard’s proprietary virtual testing environment, the “Mastercard Content Exchange,” will evaluate CDBC use cases for central banks and enable the simulation of issuance, distribution and exchange of CDBCs between banks, financial service providers and consumers.

Central banks, commercial banks and advisory firms are invited to partner with Mastercard to access the CDBC models, validate use cases and evaluate interoperability with existing payment trials for customers and businesses.

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