Banks

The latest news about banks and blockchain technology.

Goldman Sachs Answers Big Money Investors’ Questions About Cryptocurrencies
August 10th, 2017

Goldman Sachs has published answers to FAQs about cryptocurrencies as it’s getting harder for institutional investors to ignore their rise.

IBM and Thailand’s Kbank Launch Blockchain-Based Letter of Guarantee Service
August 8th, 2017

IBM and Thailand’s Kbank launch blockchain-based Letter of Guarantee service to avoid paperwork, provide high rate transparency, and shorten a Letter of Guarantee process reducing the procedures down to only the click of a button.

Three More Blockchain Patents Filed by Bank of America
August 2nd, 2017

US-based bank files three new patent apps aimed at validating of not only users of its system, but also of the information within it.

The World’s First Ethereum Decompiler Named ‘Porosity’ Launched
July 28th, 2017

The ethereum virtual machine (EVM) gets its first decompiler able to revert the code of smart contracts into checkable source code.

Belarus Takes Strong Lead in Blockchain Development
July 18th, 2017

Belarus is actively involved in the development of legislative framework for cryptocurrency and blockchain development.

Falcon Private Bank Offers Bitcoin and Crypto-Asset Management in Switzerland
July 13th, 2017

Falcon Private Bank becomes the first Swiss bank to directly offer Bitcoin and crypto-asset management.

ANZ and Westpac Conduct Bank Guarantee Trial Using Blockchain
July 10th, 2017

Blockchain is expected to digitize the paper-based guarantee process, reduce possibility of fraud and improve efficiency.

Mizuho Completes Blockchain Trade Transaction Trial
July 9th, 2017

Mizuho has completed a trade finance transaction between Australia and Japan, digitising documents’ dissemination process using a blockchain.

22 Global Banks Join the SWIFT’s Blockchain Proof of Concept
July 6th, 2017

The banks will be mainly involved in testing and validating the application to evaluate how the technology scales and performs.

IBM and Seven European Banks Announce a New Trade Finance Platform Based on IBM Blockchain
June 27th, 2017

The platform is intended to facilitate domestic and cross-border trade for small and medium enterprises in Europe and increase overall trade transaction transparency.

Digital Bank Polybius Raises Nearly $20M in Token Sale, ICO Will Finish on July 5
June 16th, 2017

More than 17 thousands participants allow Polybius gradually moving towards its goal to become a legal and trusted provider of personal data with focus on governmental acceptance.

AIG and IBM Complete Pilot for World’s First Blockchain-Based Multinational Insurance Policy
June 15th, 2017

The companies aim to arrange a complicated multinational insurance coverage through blockchain to ensure transaction security.

Polybius Reaches Nearly $9 Million After Just 5 Days of Token Sale
June 5th, 2017

All the funds raised will be directed to the creation of Polybius Bank, the first digital bank that will combine features of modern banking, IoT, Big Data and Blockchain-based technologies.