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Financial Innovation Startup and 12 Global Banks Test Blockchain Based Cross-Border Payment System
U.S.-based financial innovation start-up R3, along with 12 global banks, have completed the test of a cross-border payment system powered by blockchain technology and developed by financial technology company Ripple.
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- Technology
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US Fed Explores Blockchain Use Cases With Industry Participants
The Federal Reserve has established a working group that is exploring financial innovation across the broad range of its responsibilities and engaging with industry stakeholders to discuss the ways in which the payment system could be improved considering the new wave of innovation including distributed ledger technology.
- Categories
- Technology
- Tags
- blockchain, fintech
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Africa in World’s First Blockchain Bank Transaction
Africa was at the forefront of a major technology landmark this week as Barclays Africa and its UK parent company Barclays plc completed the world’s first trade finance transaction using blockchain technology.
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- Technology
- Region
- Sub-Saharan Africa
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- blockchain, fintech
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Weekly Roundup: Foundation Under Fire, Hartigan Remembered and Blockchain Unchained
NB's editors pay their respects to social entrepreneurship pioneer Pamela Hartigan, ponder the future of the Clinton Foundation, discuss blockchain technology's march toward the development sector mainstream, opine on Michael Bloomberg's new role with the World Health Organization, and wonder why, if everyone's talking about "rigorous research," no one is using it?
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- Health Care, Technology
- Tags
- blockchain, research
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World Economic Forum Examines How Blockchain Can Reshape Financial Services
On August 11, 2016, the World Economic Forum (WEF) released a 300-page report entitled The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services , exploring how the financial sector "could overcome current-state pain points through distributed ledger technology (DLT)."
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- Technology
- Tags
- blockchain, fintech
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Jack Ma takes on murky China charities in first blockchain foray
Chinese billionaire Jack Ma wants to pry the lid off China's opaque charities. Ant Financial, the affiliate of Alibaba Group Holding Ltd he controls, is using the technology behind bitcoin to record transactions and improve the accountability of the country's philanthropic organisations.
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- Technology
- Region
- Asia Pacific
- Tags
- blockchain, fintech, philanthropy
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Viewpoint: Blockchain Can Bring the Unbanked into the Global Economy
Many banks and financial entities envision the blockchain as delivering value to their customers in the form of reduced fees, faster funds transfers and simplified processes. Much less heralded, but potentially far more dramatic, is the transformational impact the blockchain could have on the world’s massive unbanked population.
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- Technology
- Tags
- blockchain
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Singapore Government Joins IBM to Create Blockchain Innovation Center
Computing giant IBM has revealed that the Singapore Economic Development Board (EDB) and the Monetary Authority of Singapore (MAS) are collaborating with it to establish its first Center for Blockchain Innovation in the country. The Innovation Center is expected to involve both global banks and fintech startups and to develop a number of technology pilots for the finance and trade industries, built on the Linux Foundation Hyperledger platform.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- blockchain, fintech