Top ten blockchain stories in 2016
It felt like there was a blockchain story every day in 2016, but we look back at some of the bigger stories with Banking Technology’s top ten!
Microsoft and AMIS launch Asia’s first blockchain consortium
Microsoft says it is also in “collaboration” with banks such as Ubon Financial, Cathay Financial Holdings and MegaBank to further develop blockchain opportunities in the Taiwan financial market.
Japan rises to blockchain challenge with new consortium
The consortium’s name may not be catchy but it officially launched with 42 member banks.
More banks to opt out of R3 blockchain consortium
There was an exodus. There was also a mini-exodus from the Banking Technology Twitter account, when R3 unfollowed us due to these stories. They seem rattled. Shame. We’re just reporting the news.
Visa and Chain team up for new B2B blockchain payments platform
Planning to pilot it in 2017.
MasterCard unveils new blockchain
MasterCard reacts to arch-rival Visa’s partnership with Chain and seeks to use the technology in payments and trade finance.
SEB and Ripple to build real-time payments system on blockchain
The bank describes it as “an internal, closed blockchain”.
CBA and Wells Fargo in “world-first” interbank blockchain trade transaction
Used blockchain, smart contracts and the Internet of Things (IoT). They also used cotton.
Goldman Sachs goes blockchain for FX sake
Filed a new patent application to use it on the foreign exchange (FX) market.
Seven major financial institutions in blockchain project for European SMEs
Participants include BNP Paribas Securities Services, Euroclear, Euronext and Société Générale.
IBM to open blockchain innovation centre in Singapore
The firm says this is the first collaboration of its kind with the Singapore Economic Development Board (EDB) and the Monetary Authority of Singapore (MAS).