Updates

Bank of America is piling on blockchain patents — but its tech chief is skeptical of the benefits

Bank of America's (BofA) tech and operations chief, Cathy Bessant, has expressed skepticism on the benefits of blockchain, despite the bank having received or applied for 82 patents for the technology, the most among financial institutions (FIs), per CNBC.

: Updates; Posted On Thursday, 28 March 2019 18:12; Hits: 318

Cisco predicted the bright future of Blockchain Technololgy by 2021

US-based multinational technology company, Cisco recently published a report that features the scenario of the business-oriented blockchain platform. In the report, Cisco predicted that by 2027 the blockchain could “hold” up to 10% of global GDP. It means mass adoption is about to begin.

: Updates; Posted On Wednesday, 27 March 2019 09:32; Hits: 357

Europe Will Spend $815 Million on Blockchain Technologies in 2019, Reaching $3.6 Billion in 2022, According to IDC

Despite a slow start, Europe is now one of the fastest-growing regions worldwide for blockchain spending.

: Updates; Posted On Tuesday, 26 March 2019 17:35; Hits: 329

China’s Ambitious Blockchain Plans Could Cast US Dollar Out of the Game

“For Americans, the blockchain is a technology or a philosophical practice. But for Chinese, the blockchain is an opportunity for China to change lanes and surpass competitors,” China’s largest news portal Sina.com made this statement in a headline in its financial section.

: Updates; Posted On Friday, 22 March 2019 16:43; Hits: 417

Event addressing increasingly complex digital environment launched

UAE Banks Federation, UBF, and Abu Dhabi Global Market, ADGM, have hosted a joint forum on FinTech and crypto assets, bringing together industry specialists to discuss how these compelling trends are shaping the global financial services sector, and the challenges and opportunities they present.

: Updates; Posted On Sunday, 17 March 2019 16:37; Hits: 487

Binance Coin (BNB) to Be Accepted on Loom Network's Gaming Apps

Loom Network (LOOM), a blockchain-based ecosystem for developing online games and social media apps, has announced that it will be supporting Binance Coin (BNB) as a payment method.

: Updates; Posted On Thursday, 14 March 2019 23:09; Hits: 374

Spanish stock market operator BME tests blockchain for collateral pledge

Spanish stock market operator Bolsas y Mercados Españoles (BME) and Renta 4 Banco have carried out their first test for the digitisation of the certification process of collateral pledge using blockchain.