Cascading Disruption - Input Output HongKong.
Ƀitcoin News. Ƀitcoin [Big] News. BaaS News. Important. DTCC Open to Business Model Changes in Face of Blockchain Disruption. The company that last year processed $1.6 quadrillion in securities has a lot to lose if it is cut out of the financial food chain.
As a result, the Depository Trade & Clearing Corporation (DTCC) has been working diligently for the past several months to position itself at the center of a wide-range of experiments other companies are conducting with blockchain technology. Instead of fighting against the distributed ledger technology popularized by bitcoin, the DTCC has embraced the new tool and is doing what it can to help define the future architecture of the industry, even if that means changing the company business model.
Robert Palatnick, chief technology architect at DTCC, told CoinDesk: "Part of our responsibility of helping the industry to innovate is [looking at] how to bring distributed ledgers into consideration for solving some industry problems. If it means we modify our business model to accommodate that, then that's the way the industry uses us. " Blockchain education. How Blockchain can help Public and Private Stock Exchanges? Part 2. Sometime back we wrote about Blockchain Technology and its potential role in the Capital Markets.
We wanted to write an update to that article but there was so much to say that it turned into a full-fledged article. To give our readers a recap, capital markets is one of the industries in the financial space where industry experts are optimistic about the use of blockchain technology. Also, in this article, we will discuss the benefits and challenges of implementing blockchain technology and will explain how public and private platforms are integrating this technology. Problem Statement: There are several intermediaries involved in a trade, like exchanges, central counterparties (CCPs), central securities depositories (CSDs), brokers, custodians and investment managers.
For correct accounting and to complete the business transaction, intermediaries need to update their respective ledgers based on the messages exchanged between them. Solutions from Blockchain Technology: 1. 1. 2. 3. 4. 1. Businessinsider. BitreserveUphold and Voxelus co-founder and chairman Halsey Minor.
It turns out that the relationship between fintech startup Uphold and the speculative, non-tradable cryptocurrency "Voxel" it's holding in its coffers is more complex than we first thought. Business Insider reported last month that Uphold was holding $116 million (£81.9 million) in Voxels, a new digital currency issued by a separate company called Voxelus. (The value of the holding has since shifted to $115.95 million.) Uphold is a "cloud money" platform — it lets you hold, move, and convert money cheaply on its online platform. It caters for 25 currencies, including bitcoin, and 4 precious metals. Voxelus, meanwhile, is a virtual reality company aiming to build a marketplace for virtual reality goods and objects. Voxelus's co-founder and chairman, Halsey Minor, is also the co-founder and chair of Uphold.
He told BI: "Let's say Voxel goes to zero tomorrow — no one's interested in it, no one wants to buy it. How Blockchain can help Public and Private Stock Exchanges? Part 2. Public vs Private Blockchain Final.pdf. Bitcoin Trading Platform BitQuick Integrates BitGo Instant. Thursday, BitQuick.co, a peer-to-peer Bitcoin trading platform which processes around US$1.4 million worth of bitcoin transactions every month, announced the integration of BitGo Instant.
The company aims at securing zero-confirmation payments that will improve user experience and overall security of the trading platform. Using BitGo’s prominent multi-signature technology, the company ensures protection against double spending. The service fee for BitGo Instant is free of charge for transactions that are less than 1 BTC. For payments that are worth more than 1 Bitcoin, BitQuick charges a 0.1% sender’s fee. Jab Mubaslat, a BitQuick CEO and Founder commented: "The new BitGo Instant feature comes at a perfect time. BitGo Instant is a zero-confirmation mechanism which allows bitcoin wallet and trading platforms to accept bitcoin instantly without waiting 10 minutes or more for the transaction to be secured in a block by miners all over the world.
Top 5 Crypto Currencies To Invest in 2016 - Alex Fortin. The world of crypto currency is moving really fast.
Over the past 5 years Bitcoin outperform any other investment like gold, stock market or real estate. Over the past years hundreds of new crypto currencies came on the market. Most of them are just copy cat or only have a few features that make them different. Only a handful of those crypto currencies are real outliers. Those unique ones disrupt their industry just like bitcoin did with the financial sector. The following top 5 crypto currencies are outliers and are the one I am sure will go up in value by 10x-100x over the next 2 years.