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BlockChain

ComputerWorld Independent 

Study: FinTech, other industries should open blockchain sandboxes and work with regulators

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Credit to Author: Lucas Mearian| Date: Wed, 07 Mar 2018 14:11:00 -0800

For regulators to understand blockchain’s cybersecurity benefits and risks, they must first have a deeper understanding of the technology – and businesses hold the key to that, according to new research.

Governments around the world are beginning to increase regulatory oversight of cryptocurrencies, such as bitcoin, which are underpinned by blockchain’s distributed ledger technology. In turn, businesses that use private or “permissioned” blockchain networks are likely to also see more oversight, according to experts.

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ComputerWorld Independent 

SEC eyes crackdown on cryptocurrencies

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Credit to Author: Lucas Mearian| Date: Thu, 01 Mar 2018 14:24:00 -0800

The Securities and Exchange Commission (SEC) is cracking down on FinTech companies issuing initial coin offerings (ICOs), and has served dozens of subpoenas and information requests.

The regulatory action is the latest in a series of warnings related to the multi-billion cryptocurrency market and the sale of digital tokens, which in some cases may violate federal laws, according to the Wall Street Journal.

The SEC declined comment on the report.

Cryptocurrencies, or digial tokens such as bitcoin, Ether and Ripple, are based on blockchain technology and have existed in a gray area that allows for cross-border transactions that are far more efficient than traditional fiat-based currencies such as dollars or euros.

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ComputerWorld Independent 

5 ways blockchain is the new business collaboration tool

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Credit to Author: Lucas Mearian| Date: Tue, 20 Feb 2018 13:06:00 -0800

While blockchain may have cut its teeth on the cryptocurrency Bitcoin, the distributed electronic ledger technology is quickly making inroads across a variety of industries.

That’s mainly because of its innate security and its potential for improving systems  operations all while reducing costs and creating new revenue streams.

David Schatsky, a managing director at consultancy Deloitte LLP, believes blockchain’s diversity speaks to its versatility in addressing business needs, but “the impact that blockchain will have on businesses in various industries is not yet fully understood.”

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ScadaICS Schneider 

Blockchain: 3 Reasons It’s Good for Financial Services

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Credit to Author: Kim Tremblay| Date: Mon, 05 Feb 2018 13:34:22 +0000

Wall Street is all abuzz about blockchain- especially for banking and financial services.  Some consider it a threat while others see it as an opportunity to digitize the industry.  Still,… Read more »

The post Blockchain: 3 Reasons It’s Good for Financial Services appeared first on Schneider Electric Blog.

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