Thailand opens one door to Blockchains while closing another to Bitcoin One of Thailand’s leading retail banks and the fourth largest by assets, Kasikornbank Pcl., has entered into an agreement with IBM to develop blockchain services using the Linux Foundation’s Hyperledger. The announcement marks the first time any bank in the tumultuous country has embraced blockchain technology. At a joint press conference in Bangkok on Thursday, the Managing Director of IBM Thailand, Ms. Parnsiree Amatayakul, and Vice Chairman of Kasikornbank Technology Group, Mr. Somkid Jiranuntarat, announced that the blockchain services will be put to use in the first half of 2017. Among the benefits listed during the presentation were improved document accuracy, added standardization, risk mitigation, faster ID verification, and security enhancements for various banking systems.
Tweet Conversations Meet New People Tweet this page... Conversations Tweeters MadBitcoins Good Morning Bitcoins! and welcome to Mad Bitcoins introductory video. This video explains how MadBitcoins became a youtube tv show and serves as an introduction and welcome to you, New Viewer. Welcome to the MadBitcoins Channel. Bitcoin Block Details Bitcoin Block Details Last updated just now. Explicit Mining Pool Support by Proposal Last 1000 blocks (this week) Last 144 blocks (today) How blockchain could shake up stock markets prettywar-stl/ Flickr Wall Street is buzzing about blockchain. Nasdaq CEO Bob Greifeld has said his company needs to be a "rapid applier" of the technology. Australian Government Eyeing Big Banks to Prevent Blockchain Monopolization - Crowdfund Insider The Australian Competition and Consumer Commission (ACCC), an independent arm of the Australian government that aims to regulate competition in the market and uphold national consumer law, has been closely eyeing four big banks to prevent attempts of monopolizing the blockchain industry in fintech. The banks include the Commonwealth Bank of Australia, Westpac, National Australia Bank, and Australia and New Zealand Banking Group. According to Reuters, ACCC Chairman Rod Sims said the government regulatory body has not yet examined any cases of Australia’s “Big Four” banks purchasing smaller fintech companies or acquiring blockchain technology. However, in the interest of fair marketplace competition, Sims alluded to the fact that any major proposed deals by the banks would face ACCC scrutiny.
Tweet Conversations Meet New People Tweet this page... Conversations Inside Track: Why bitcoin will play a bit part in world of currency At the time a burger was valued at 0.0131 BTC or £7.50. Notwithstanding the absurdity of a £7.50 street stall burger, the transaction illustrates the rise, and almost inevitable fall, of what some regarded as an alternative world currency. One bitcoin was worth just over £8 at the beginning of the year. It rose to around £670 before last week's plunge, seemingly sparked by a crackdown by the Chinese central bank, left it trading at around half that level. Warning signs were there. One was the decision of the burger flipper to turn his attention from sourcing the best value bovine and instead move into currency speculation, for what other reason did he have to accept bitcoin?
10+ Monitoring Websites That Help Track the Bitcoin Network The Bitcoin universe is vast, and there’s a lot going on with the network under the hood. Luckily for bitcoiners, there’s a wide variety of monitoring tools available online to capture the statistics of the Bitcoin network’s past and present data. Some cryptocurrency proponents even try to use monitoring website statistics to help predict the future. Also read: An Introduction to Bitcoin Trading and Technical Charts Monitoring the Bitcoin Network Today we’re going to discuss the many sites across the web that offer Bitcoin network statistical data.
st – Golem Proposal in brief The Golem Project’s objective is to revolutionize the way the Internet is organized by introducing an open, prosumer market for computing power. In the short run, this will support computationally-intensive projects such as CGI rendering, scientific and engineering computing, machine learning, as well as so-called big data analysis. In the long run, Golem will be one of the key components of Web 3.0, the decentralized Web, by providing compute-on-demand for a wide variety of common services. About the proposal Golem is a software layer enabling a marketplace of direct transactions between the supply and demand of computing power, without centralizing the supply side. Blockchain: RBS builds Ethereum-based distributed clearing house The Innovation Engineering team at Royal Bank of Scotland (RBS) has built a distributed clearing and settlement mechanism, based on Ethereum, to remove inefficiency from the patchwork system of cross-border payments. The RBS Emerald system, which is a proof of concept with no plan or date to go live at the moment, was set up to explore the creation of a Deferred Net Settlement (DNS) system like FasterPayments. Richard Crook, head of Innovation Engineering at RBS, explained that while the UK's FasterPayments is near instantaneous, cross-border payments are a different story. Crook said: "If you are trying to make payments in Europe – France to Germany, or UK to France – at worst, it's a three-day round trip, and it's certainly a two-day batch cycle. They do not have an equivalent of the FasterPayments service." Unlike domestic payment systems, cross-currency international payments have no central authority, like the Bank of England.