Open source software is often the ugly stepchild of technology development. Because developers are largely donating their time and efforts, progress lags on building better versions of apps, blockchains and other software. That stifles progress, and leaves advancement in the hands of for-profit ventures, many of them without the public’s best interests at heart.
Project Ubin has released the source-codes on blockchain software prototypes for inter-bank payments for public access.
First unveiled in November 2016, Project Ubin is a collaborative project with the banking industry to explore the use of distributed ledger technology (DLT) for clearing and settlement of payments and securities.
A group of trading houses, integrated energy companies, and banks have joined forces to create a blockchain-based digital platform that intends to modernize and transform energy commodities trading.
The consortium participants are companies from energy majors BP, Shell and Statoil; trading houses Gunvor,
Consortium R3 has developed a blockchain-based system for cross-border payments based on Corda, its distributed ledger technology (DLT) software. The solution prototype will be out by the end of this year.
R3, along with 22 of its member banks, specifically designed the solution to interact with central banking systems’ digital currencies as they are created.
Japanese IT consulting firm Nomura Research Institute (NRI) and Microsoft Japan are establishing a financial innovation consortium that will focus on artificial intelligence (AI), deep learning, and blockchain.
Called the Financial Digital Innovation Consortium, the group will initially be composed of 18 organizations that include Infosys,
Twenty financial and blockchain companies have joined forces to form a trade association in Switzerland, with the goal of establishing a unified, industry-wide voice for tackling issues in the asset management industry.
Called Multichain Asset Management Association (MAMA), the Swiss trade association was announced at the first M-0 conference in Zug,
Multinational banking firm Standard Chartered will be joining EquiChain’s user group for its blockchain pilot focused on bringing efficiencies to the capital markets. Standard Chartered will be the first custodian to join EquiChain’s user group.
Founded in 2015 by CEO Nicholas Bone,
Developers of ethereum’s Geth software were forced to release a new version days ahead of the upcoming Byzantium hard fork because of the discovery of a denial of service (DoS) attack vulnerability.
Byzantium is a test run for updates that will result in the hard fork upgrades to the ethereum blockchain.
The Waves platform will be participating in the creation of a new form of blockchain-based voting system, characterized as “liquid democracy.”
The liquid democracy project is a collaboration between a number of different organizations and research groups, including the Blockchain Institute,
Rapper Ghostface Killah of the Wu-Tang Clan has formed a cryptocurrency company that hopes to raise $30 million through an initial coin offering (ICO) next month.
His company, Cream Capital, takes its name from the 1993 Wu-Tang Clan song “C.R.E.A.M,” or “Cash rules everything around me.”