Peer-to-peer (P2P) bitcoin marketplace Paxful has released the result of a survey, conducted in collaboration with One Poll, on the state of the financial climate in the United Kingdom.
Sentiments include notions about traditional banking systems, financial reactions to Brexit, and the global COVID-19 crisis,
National Westminster Bank (NatWest), a major retail and commercial bank in the United Kingdom, has formed a blockchain consortium to develop a blockchain system that lets customers go through the entire home buying process through their mobile phones.
Finextra reported that seven different software companies,
Global funds transaction network Calastone is planning to move its entire system for fund trade clearing services to a blockchain by May 2019.
Calastone operates a transaction network for the mutual funds industry in the United Kingdom and internationally. The company’s services include order routing,
Blockchain firm Energi Mine has partnered with energy solution provider ON5 UK to deliver “innovative energy saving programs for both business and consumer.”
Based in the United Kingdom, Energi Mine develops products in the energy management sector. It uses deep learning artificial intelligence models to trade and manage energy.
Mark Carney, the governor of the United Kingdom’s central bank, the Bank of England (BoE), said that the BoE is open-minded about the possibility of a central bank digital currency (CBDC).
Speaking on a panel in Stockholm on the future of central banking,
CryptoUK, a self-regulatory body set up to represent the cryptocurrency sector, has called on the UK government to regulate the industry.
In February, the United Kingdom’s Treasury Select Committee, a cross-party team of members of Parliament, launched an inquiry into cryptocurrency and blockchain in an effort to understand the technology.
The Royal Mint, which produces the United Kingdom’s currency and holds gold, has announced the launch of its own gold-backed cryptocurrency.
Called Royal Mint Gold (RMG), it was first unveiled by the Royal Mint in December 2016. To create RMG,
The Bank of England (BoE), the UK’s central bank, has set up a research unit to investigate the possibility of issuing its own cryptocurrency linked to the value of sterling, the currency of the UK.
The unit is expected to report back within the next 12 months.
UK’s largest property firm Land Securities Group (Landsec) has said that blockchain technology will find a place in its business.
In an interview with CNBC, Landsec CEO Robert Noel said that blockchain would “absolutely” have a function in the company.
Reform, a major think tank in the UK, is urging the government to use blockchain technology to create a secure identity for citizens to use across public services.
In a report titled “The Future of Public Service Identity: Blockchain,” Reform stated that the government should use blockchain technology to make identity management more secure and efficient.
