McKinsey & Company, the major financial consulting company, insists, that for now, there are no evidences of the practical use of the Blockchain technology. For now, the company reported a revenue of more than 10 billions of USD, with more than 27,000 employees globally. The three McKinsey partners published an article, where they insist, that
In its special report, released on the 1st of October, the Financial Times have dedicated a huge part to cryptocurrency and cryptocurrency industry. The report has a title “Exchanges, Trading and Clearing” and there, FT names cryptocurrencies some of the biggest changes during the last 10 years. The articles in the report were discussing the
The European Securities and Markets Authority decided to extend restrictions on CFDs, of Contracts for Differences, including those that are crypto-based. The agency has announced about it on the 28th of September. A CFD is a contract that is made between a buyer and a seller. The contract indicates, that the difference between the current
Vicinity, an Australian real estate giant, has announced, that it is going to test the application of blockchain in its energy network. The company has more than 42 bln USD in real estate management and it is the biggest real estate company in Australia. Now, it has partnered with an Australia-based tech giant Power Ledger.
The Dubai Department of Finance, in collaboration with Smart Dubai Office, has launched h a blockchain payment system for UAE. The new platform is going to be called Payment Reconciliation and Settlement, and it was launched on the 23rd of September 2018. Now, it works mostly for government entities, like Police, Roads and Transport Authority,
The industry of Iceland is going to move from mining industry to pure blockchain industry. A number of local insiders have reported about this intention to a couple of media sources. Halldór Jörgensson, chairman of Borealis Data Center, informed, that the need of the country shifts from mining business to pure blockchain business. So bitcoin
IBM and the US Congressional Blockchain Caucus members discussed how the blockchain can be applied for ID systems, making payments, organizing supply chains and so on. Recently, IBM has published a report that is called ”The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain” . the report was prepared in collaboration
MSICT, the Korean Ministry of Science and Informaiton Communications Technology, has requested for more support in order to facilitate the growth and to provide more support to the country blockchain industry. Min Won-ki, the Second Minister of Science and ICT, organized a meeting with the representatives of the blockchain startups, which have been already called