Created in 2009, Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Because there is …
Read More »Understand what blockchain is and how it works
Blockchain is a shared ledger for recording the history of transactions that cannot be altered. This revolutionary concept is helping reduce errors, frauds and inefficiencies. Check out the infographic below to learn …
Read More »Blockchain in the financial industry: hype or a real opportunity?
The banking industry has traditionally been conservative in nature and extremely cautious with any kind of experimentation; this is especially true regarding blockchain. However, banks are starting to recognize that …
Read More »The 7 biggest challenges facing bitcoin
Bitcoin has come a long way since its creation almost eight years ago; however, there is still a long way to go before the digital currency becomes a widely used …
Read More »The state of cryptocurrencies in Kyrgyzstan
With cryptocurrencies increasing in popularity throughout the world, Kyrgyzstan has also started to think about how it will interact with them, both from an official (government-level) sense as well as …
Read More »Blockchain citizenship registration begins in Zug, Switzerland
Uport, a self-sovereign identity and user-centric data platform on the Ethereum blockchain, has made its platform available to the citizens of Zug, Switzerland. Registration on the blockchain, which requires verification …
Read More »Central Bank of Uzbekistan issues unfavorable statement on cryptocurrencies
The Central Bank of Uzbekistan (CBU) has released a special statement calling virtual money an instrument for financing terrorism. The special statement also declared that there was no plan for …
Read More »Air New Zealand exploring potential blockchain uses
Air New Zealand has partnered with Swiss startup Winding Tree to explore blockchain technology for a number of potential uses, including retail airfares, cargo and baggage tracking, securing information and …
Read More »Mastercard takes blockchain mainstream with API
Mastercard has tested and validated its own blockchain and will be opening access to it via a set of three APIs published on the Mastercard Developers website. The APIs include …
Read More »Russia creates the first blockchain consortium
M.Video (Russia’s largest consumer electronic retailer), Sberbank Factoring and Alfa-Bank have launched an open consortium aimed at the commercial use of blockchain-based technologies in the financial sector. The new platform …
Read More »IMF head: cryptocurrencies not a threat to central banks
The head of the International Monetary Fund (IMF), Christine Lagarde, believes that bitcoin and other cryptocurrencies do not pose a threat to central banks and traditional currencies. Moreover, she has …
Read More »Cryptocurrency mining increasing in popularity in Georgia
Digital currency is gaining in popularity in Georgia, and the country even hosts two facilities of the world’s largest bitcoin-mining company. There are also an increasing number Georgian entrepreneurs mining …
Read More »Blockchain can help root out corruption in Kazakhstan
As blockchain technologies being to enter Kazakhstan in the financial sector, so do ideas for how to implement these tools in other spheres. In the future, it is likely that …
Read More »Kazakhstan may introduce a national cryptocurrency before Russia
Kazakhstan may become the first of all Common Economic Space countries to introduce its own cryptocurrency, which will likely become a digital analogue of the Kazakhstani tenge (KZT). It is …
Read More »Cryptocurrency legislation may make Azerbaijan a world cryptocurrency leader
Maryam Tagiyeva, the chief system architect of the British Research Center for Citizenship, Enterprise and Governance (CCEG), believes that Azerbaijan is in a position to become the world leader in …
Read More »The future of HR could be in blockchain technology
Financial operations are the most common application for blockchain technology; however, blockchain can also be used in other situations such as staff recruitment. Currently, relations between companies and employees lack …
Read More »What is the difference between Bitcoin and blockchain?
Learn about the difference between bitcoin and blockchain by watching this short video: Infographic: how RegTech savvy are you? Video: what is artificial intelligence? BFC FinTech Monitor 29th May – …
Read More »3 Reasons to Build with Blockchain
Blockchain can help businesses reduce multi-party transaction settlement times to nearly zero, reduce overhead and reduce the risk in tampering and collusion. Check out this short video to learn how. Video: FinTech expectations …
Read More »Smart Contracts Explained
Smart contracts are computer codes with predefined sets of rules that run on blockchains and set the conditions under for how all parties to the smart contract agree to interact …
Read More »How digital is your bank? Take a short test!
Take a short test to evaluate the level of Digitalization in your bank’s operations. Take the test here. 4 open banking models and the factors financial institutions must consider Videos: …
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