Consortium Blockchains: Connecting Cryptocurrencies with Financial Institutions

Though the world had seen advancements in the field of blockchain-based networks, Bitcoin was the first practical application of the technology that worked as intended. The first cryptocurrency introduced a decentralized, peer-to-peer, and trustless digital payment system that promised privacy, security, and transparency. However, as the industry matured, it was found that Bitcoin’s transactions –… Continue reading Consortium Blockchains: Connecting Cryptocurrencies with Financial Institutions

Bitbank leads consortium of 12 Japanese exchanges to support Spark airdrop

After much uncertainty around the issue, an announcement today from Japanese crypto exchange Bitbank, declared that Flare networks will be able to distribute the spark token to Japanese exchange’s XRP holders. The distribution, however, is subject to a few conditions to be approved by the Japanese JVCEA by 12 June 2022. The resulting development came… Continue reading Bitbank leads consortium of 12 Japanese exchanges to support Spark airdrop

NatWest Sets Up DLT Consortium to Make Life Easier for Home Buyers | BTCMANAGER

NatWest, one of the largest commercial banks in the United Kingdom, is in the process of getting a group software companies to help develop a platform that enables home buyers to go through the entire process from the comfort of their mobile phone. According to Finextra, 7 different software companies, including Coadjute and Redbrick Solutions, will… Continue reading NatWest Sets Up DLT Consortium to Make Life Easier for Home Buyers | BTCMANAGER

Finastra Signs Three French Banks to DLT Lending Consortium | BTCMANAGER

Finastra, one of the world’s largest FinTech companies, has added three French Banks to its lending consortium that runs on a distributed ledger. SocGen, BNP Paribas, and Natixis have joined NatWest on the DLT platform that went live in October 2018, as announced on their website on May 14, 2019.  France Joins DLT Brigade Finastra… Continue reading Finastra Signs Three French Banks to DLT Lending Consortium | BTCMANAGER

SBI Ripple Asia Partners with Payment Card Consortium in Japan To Combat Fraud | BTCMANAGER

SBI Ripple Asia has recently partnered with the Japanese Payment Card Consortium to fight fraud with blockchain technology. According to BankingTech’s article published on November 22, 2018, the participating companies plan to prevent the damages caused by fraudulent transactions, by sharing data and information on a real-time basis along Corda, R3’s open-source blockchain platform. Payment… Continue reading SBI Ripple Asia Partners with Payment Card Consortium in Japan To Combat Fraud | BTCMANAGER

Blockchain InsurTech Consortium RiskBlock Alliance Engages Deloitte to Facilitate Canada Expansion | BTCMANAGER

RiskBlock Alliance, an insurance-focused distributed ledger technology (DLT) consortium, has employed the services of Deloitte, a globally recognized professional services organization, to help take its cutting-edge blockchain solutions development to the next level. The partnership looks to fuel its expansion plans to crypto-friendly Canada, according to a news release by RiskBlock on September 25, 2018.… Continue reading Blockchain InsurTech Consortium RiskBlock Alliance Engages Deloitte to Facilitate Canada Expansion | BTCMANAGER

Hyperledger Surpasses 250 Members for Blockchain Consortium | BTCMANAGER

On July 32, 2018, Hyperledger announced the passing of its 250-member milestone, as they onboard nine additional members. The members include ChainDigit, Chainyard, Coil, DigiCert, LG CNS, Omnitude, Tierion, and UTRUST. Multiple Companies with Multiple Disciplines Some of the company’s focus on offering blockchain solutions like Tierion with anchoring data to the blockchain, Coil contributing… Continue reading Hyperledger Surpasses 250 Members for Blockchain Consortium | BTCMANAGER