Cointelegraph reported about a pilot forex forward transaction using a blockchain. Commerzbank, a German bank and ThyssenKrupp teamed up to perform this demonstration. The transaction value was placed at €500,000. Live Trader, an FX trading platform operated by Commerzbank managed the transaction after ThyssenKrupp initiated it on Wednesday. A…
20 posts tagged
Blockchain
In the midst of Unites States sanctions, concurrency might thrive
Currently, both Iran and Russia face sanctions from the United States. An assortment of other countries have placed sanctions on the two nations as well. Sanctions hurt a given country by limiting the transactions they can make with other nations. For obvious reasons, each country would prefer to not be…
Blockchain: A Digital Ledger for Crytocurrencies
One of the biggest perks of blockchain technology is its decentralized nature. Because in blockchain data is stored on peer to peer networks, the risks associated with storing data in a central location are eliminated. The fact that cryptocurrencies are not tied to a specific nation or government is one…
Increasingly More Companies Are Using Blockchain Technologies
Blockchain technologies continue to grow and expand with each passing day. More and more companies have started to trial blockchain-related projects. In fact, BBVA recently issued a loan through blockchain. The technology, in that instance, slashed processing times down to hours, which is unheard of in the banking industry. Now…
Anonymous blockchains are hotbeds for crime; Bitcoin doesn't come close.
Bitcoin is not the only blockchain and certainly not the most notorious. It is, however, the most popular and so it must bear the brunt of negative popular opinion. Rémi Quirion, the Chief Scientist of Quebec, discussed how misguided popular opinion is about Bitcoin. He brings attention to the way…
IBM and Salon Media Team Up to Fight Online Fraud
According to recent media reports, IBM has gotten together with Salon Media to pilot a new Blockchain product from AdLedger. The new project aims to take advantage of the power and flexibility of Blockchain technology to fight digital advertising fraud. The Campaign Reconciliation Project aims to reduce the number of…