Hyperledger at Money20/20
Brian Behlendorf, executive director at Hyperledger, will speak during the Oct. 25 blockchain panel, “All Together Now: How Bank & Tech Partnerships Are Shaping the Future of Blockchain” at the Money20/20 conference in Las Vegas. For more updates, be sure to follow Collin Canright on Twitter for Money20/20 insider insights.
IBM studies: banks, financial markets institutions ramp up blockchain development
In two new reports based on separate surveys, IBM found that banks and other financial institutions aim to harness the power of blockchain to stay ahead of FinTech competitors. According to FinTechnews Switzerland, 70% of early-adopters said that they are focusing their blockchain efforts in four key areas: clearing and settlements, wholesale payments, equity and debt issuance and reference data.
Central banks consider bitcoin’s technology, if not bitcoin
Central bankers, the Bank of England and the People’s Bank of China, in particular, want to tap into blockchain in order to quickly and efficiently complete and keep track of transactions, according to The New York Times. Implementing blockchain solutions would cut operating costs and promote greater transparency between the international central banks.