Swiss Banks To Lose Its Hold On The Global Bank System – Moody’s Investors Service

Blockchain has the potential to significantly reduce transaction costs and time, likely cutting into bank fees and commissions. In that scenario, Switzerland is most at risk since its massive banking industry generates half of its revenue from fees and commissions, according to ratings agency Moody’s Investor Service. Switzerland is also … Read the rest

Tech Group Releases ‘Playbook’, To Help US Government Figure Blockchain Technology

The American Council for Technology and Industry Advisory Council (ACT-IAC) released a second Blockchain resource specifically targeting government uptake of the technology. The ACT-IAC, an advisory structure in existence since the 1970s, has opted to create a five-point checklist for US government agencies. This, along with other materials in the … Read the rest

Former Goldman Sachs Exec Hired To Improve Institutional Clients For Blockchain

Blockchain, a cryptocurrency wallet service, has hired former Goldman Sachs executive – Breanne Madigan to help boost its presence with institutional clients. Ms. Madigan will take up the role as head of institutional sales and strategy, she most recently served as head of institutional wealth services at Goldman Sachs, a … Read the rest

IBM Partners With Insurance Firm To Apply Blockchain For Proof Of Insurance

According to a report which was released on April 16; Marsh Insurance, a global insurance brokerage and risk management firm, announced the first commercial Blockchain solution for proof of insurance. With this application of Blockchain technology, Marsh aims to transfigure the certificate of insurance process “from complicated and manual to … Read the rest

How To Check If Blockchain Technology Is The Right Way For Your Organization

A recent survey of 200 business leaders by SAP finds while 92 percent view blockchain as an opportunity, only three percent actually have blockchain in production. The two most promising applications seen for blockchain include supply chain management and legal/regulatory oversight. Despite strong interest in adopting blockchain, business leaders have … Read the rest

Amazon Integrates Blockchain Technology Into Its Services

Amazon Web Services (AWS), the secure cloud services platform from Amazon.com, Inc (AMZN) that offers computational power, data storage, content delivery, and hosting services, has made a foray into the newly emerging “blockchain-as-a-service” (BaaS) offering. This new service was launched late last week under the name AWS Blockchain Templates, and … Read the rest