The Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and Technology (SWITCH) joined forces for the first time as SFF x SWITCH. The 5-day event began today, bringing together global innovation and the corporate sector, as well as interested members of the public. SFF x Switch is set to feature over 400 speakers from leaders … Continue reading Singapore FinTech Festival x SWITCH Highlights Day One
R3 leads the largest blockchain ecosystem in the world, creating initiatives using distributed ledger technology. Carl Wegner, the Managing Director and Head of Asia at R3, elaborates on the consortium’s reach with its broad ecosystem, on initiatives that are built on Corda, including, Project Voltron, Project Inthanon, Project LionRock, and Project Ubin in Asia. Project Voltron: Streamlining … Continue reading R3 – Revolutionizing Trade Finance with Blockchain
During the launch event, the first live trade data between US giant banks Goldman Sachs and Citigroup were processed on Axoni blockchain. This is the first equity swap transaction on a blockchain built using tools designed for Ethereum. The launch of the DLT is a multi-year initiative led by Axoni. The distributed ledger infrastructure allows … Continue reading Goldman Sachs and Citigroup Perform the First Equity Swap on Blockchain
IBM and Oracle have announced that they are collaborating to build an interoperability initiative to allow their blockchains to be able to communicate with each other. Announced at the Hyperledger Global Forum in Arizona, Oracle’s senior director of blockchain product management, Mark Rakhmilevich said that the Fabric interoperability initiative already began in 2018. The blockchain … Continue reading IBM and Oracle Collaborate on Interoperability Work for Their Blockchains to Communicate With Each Other
Looking ahead to Q2 2020, what are the top 5 blockchain market events to watch? This article provides a simple guide for you! Bitcoin Halving Considered as the most important market event for Bitcoin, Bitcoin halving is likely to take place in May 2020. Bitcoin halving occurs once in every 210,000 blocks produced (approximately every … Continue reading What are the Top 5 Blockchain Market Events to Watch in Q2 2020?
Singapore’s biggest bank, DBS Bank joined R3-backed Contour Network known for digitalizing global trade processes. Previously known as Project Voltron, Contour is a blockchain-based trade finance platform, built over R3’s Corda blockchain and was founded by R3 and major global institutions, including HSBC, ING, Standard Chartered, Citi Ventures, BNP Paribas, and Bangkok Bank, Bain & … Continue reading DBS Bank Joins R3-Backed Blockchain Trade Finance Network Contour Built on Corda
IBM has announced a new collaboration with blockchain-based trade finance platform, we.trade to enhance network capabilities and accelerate the global growth of the platform. We.trade was designed to connect buyers, sellers, banks, insurers, and other organizations in a network, simplifying cross-border trading. We.trade is backed by a group of banks, including Deutsche Bank, HSBC, Rabobank, … Continue reading IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder
At the Thirteenth National People’s Congress held in Beijing China, the parliament passed a new civil code that protects the civil rights of inheritance, marriage, property, personality, and contract infringement. According to Lixin Yang, a professor at Renmin University of China, the civil code states that “When a natural person dies, the legacy is the … Continue reading China Passes Civil Code Which Will Allow its Citizens to Inherit Cryptocurrency
The Libra Association appointed Sterling Daines as its new Chief Compliance Officer (CCO), who is currently the Managing Director and Global Head of Financial Crime Compliance at Credit Suisse. He is expected to leave his position at Credit Suisse and join the Libra Association later this year. Prior to Credit Suisse, he was the Managing … Continue reading Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record
The Dubai economy has gone live on the UAE KYC (Know-Your-Customer) blockchain platform making instant bank accounting functionality, secure digital customer onboarding, and sharing of verified data between financial institutions and licensing authorities possible. As reported by local outlet Khaleej Times on July 28, this initiative is powered by norbloc, a leading blockchain KYC technology … Continue reading Dubai Economy Gets Powered by UAE KYC Blockchain Platform for Safe Digital Customer Onboarding