HSBC Goes From Paper to Blockchain / EY Reveals Tokenization Address / Jack Takes Bitcoin (BTC) to Africa
December 3, 2019
Fresh off the Black Friday / Cyber Monday shopping madness time for this week’s edition — HSBC goes all-in as they announce their plan to shift $20 billion worth of assets to a new blockchain-based custody platform by March. EY reveals tokenization addresses on Ethereum’s public blockchain. Twitter & Square’s CEO, Jack Dorsey, has a plan to set his sights for the “future” of bitcoin and technology on Africa and its more than 1.2 billion people. It’s official everyone…France will test its Central Bank Digital Currency (CBDC) in Q1 2020. We take a look into the innovation throughout Bitcoin’s technology stack while reflecting on the last decade with blockchain.
In the DApps landscape, we’re talking about RSK launching a $200,000 grant program for dapp developers while Alchemy and Dapper Labs team up to tackle blockchain infrastructure problems. DeFi may be cannibalizing PoS security and Dapp.com’s Q3 2019 Dapp Market Report. Plus updates from Polkadot, Ocean Protocol, Cosmo, Elrond, Kadena, and ArcBlock. We even found room to cram in plenty of research (Q3 2019 Blockchain Landscape) & books (on Digital Assets & Enterprise Blockchain) along with insights on venture capital (new funds!!), infrastructure, DApps, Bitcoin, Economics, Exchanges, and Stablecoins. For MORE and to keep you up to speed, here’s a snapshot of the top stories this week around the industry.
HSBC, one of the largest banking and financial services organizations in the world, is planning to shift $20 billion worth of assets to a new blockchain-based custody platform by March. This is a vast improvement of the previous system as the HSBC platform will digitize paper-based records of private placements. The new HSBC platform, known as Digital Vault, will give investors real-time access to records of securities bought on private markets.…read more
According to the recent report published by Juniper Research that blockchain, along with “internet of things” trackers and sensors, would help to drive down costs for retailers. This would be achieved through the streamlining of supply chains, efficient food recall processes, and “simpler regulatory compliance.”…read more
The smart contract addresses running on ethereum’s public blockchain to tokenize assets has revealed by Ernst & Young, a multinational professional services firm headquartered in London. The asset in question is a wine bottle, a Tattoo Bottle unique token with its ID connected to an ethereum address that owns the token and the rights to the bottle…read more
According to a report by Xinhua, Xi called for China to become a world leader and “rule maker” in the field, saying blockchain had applications in the financial, manufacturing and public sectors. Zhang Feng, a chief engineer at the Ministry of Industry and Information Technology, stated in his keynote speech at the event that China would seek to establish a national committee for blockchain standards and prioritize research into developing applications for it. Blockchain, a new technology most associated with cryptocurrencies like Bitcoin, looks set to play a significant role in China’s governance after receiving an endorsement by Chinese President Xi Jinping, observers say…read more
Enterprise blockchain in the banking and financial services is crossing the chasm in 2019 as J.P. Morgan, HSBC, and Visa announced their key blockchain developments. While J.P. Morgan is using blockchain to optimize floorplan lending audits and to manage collateral, HSBC is going use blockchain to move $20 billion worth of assets. Visa is also further ramping up its data privacy solutions with blockchain…read more and for more from Biser Dimitrov
Published at Thu, 05 Dec 2019 06:55:45 +0000
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