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Tag Archives: Infrastructure

India to Embark on Nationwide Blockchain Infrastructure Platform: Report

Niti Aayog, the Indian government’s think tank, is reportedly set to launch IndiaChain – a nationwide blockchain infrastructure that will enable both government and private companies to build applications on the platform The National Institute of Transforming India (NITI Aayog), India’s primary policy institute and think tank, is readying the launch of a ‘massive blockchain project’, dubbed ‘IndiaChain’, that will ...

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Blockchain Cannot Yet Support Financial Market Infrastructure

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! De Nederlandsche Bank (DNB), the central bank of the Netherlands, recently concluded after a three-year test that blockchain technology cannot currently meet the needs of a financial market infrastructure, the bank announced on its website. The report cites bitcoin technology’s inadequacies in the areas ...

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The Moscow Exchange Prepares Infrastructure to Conduct ICOs

The Moscow Exchange (MOEX) is preparing infrastructure that will allow companies to conduct initial coin offerings (ICOs), which it expects to launch this year, Reuters reported June 8. The exchange is reportedly working on the development of basic infrastructure for companies to participate in ICOs and publish token sale data. According to Moscow Exchange CEO Alexander Afanasiev, the exchange will ...

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Central Bank Digital Currency ‘not Clearly Superior to’ Existing Infrastructure

Hong Kong will not currently issue a central bank digital currency (CBDC), citing the existence of already efficient payment infrastructure, according to a government press release published yesterday, May 30. Joseph Chan, the Acting Secretary for Financial Services and the Treasury in the Legislative Council, said in response to questions about both the People’s Bank of China (PBoC) and the ...

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Roger Ver Remains Bullish on Bitcoin Cash Due to Unspecified Infrastructure Being Built on Top of It – The Merkle

It has been a rather interesting period for Bitcoin Cash since its original inception in late 2017. Although it’s still a fork of Bitcoin, it has garnered a lot of support and success in the past few months. Roger Ver remains pretty bullish on this altcoin, claiming that the adoption of BCH is accelerated compared to that of BTC. Only time ...

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JP Morgan Announces Prototype Blockchain Platform to Streamline Capital Markets Infrastructure

J.P. Morgan Chase & Co presented a prototype of its blockchain platform for capital markets, which aims to cut costs and enable smoother securities transactions. The announcement took place at NY’s Consensus conference Wednesday, the Wall Street Journal reported May 16. Christine Moy, executive director of J.P. Morgan’s Blockchain Center of Excellence, told WSJ that blockchain “has the potential to ...

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HSBC Deems Blockchain Infrastructure for Trade Finance Commercially Viable – The Merkle

Blockchain technology can be a viable tool when put in the right hands. HSBC is one of the many banks exploring the boundaries of this innovative technology. The company recently conducted and completed its first trade finance deal using a distributed ledger. It’s a very positive development for the blockchain industry, as global adoption seems imminent. HSBC Has a Major Breakthrough It ...

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How Dispatch’s DAN Network Provides Infrastructure for Utopi’s Live Streaming

Live performance and philanthropy naturally fit together. Performers can share their craft while contributing to a good cause, while viewers can make donations as they enjoy some premium music, stand-up comedy, dance, or other performance. This synchronicity explains why charity concerts are so popular. They’re not just opportunities to give, but exciting artistic events that donors and performers love to ...

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China’s Official Gov’t Auditor Considers Blockchain To Streamline Data Infrastructure

The National Audit Office of the People’s Republic of China is considering a Blockchain solution to address the problem of what it describes as the “endless cycle of data storage and management” for its current infrastructure, according to an announcement published on its website Apr 24. The National Audit Office is tasked with auditing all government-related financial transactions, and manages a ...

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Saudi Telecom and ConsenSys Boost Blockchain Infrastructure in Middle …

Saudi Arabia is rebuilding its country’s industry and government infrastructure in line with its Vision 2030 commitment to become a world leader in the adoption of blockchain infrastructure technology. ConsenSys, the world’s largest Ethereum blockchain design studio, is partnering with the Saudi Telecom Company (STC), to help make this happen. In a Memorandum of Understanding (MOU) signed recently, the two ...

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