20 Results from 2016
Carlo R.W. De Meijer Owner and Economist at MIFSA
Recently there were some interesting announcements on blockchain and the payments industry that triggered me to write this blog. Especially now that SWIFT’s SIBOS event takes place in Geneva. First, SWIFT announced that it had successfully completed the first phase of the global payments innovation (GPI) pilot with 15 banks. This service, intended ...
28 September 2016
Kevin Cullen has written an interesting blog on the need for messaging standards for the blockchain world. In June I also wrote a blog on Linkedin with the title “Blockchain: "Should we agree on standards sooner than later"? Here below are my thoughts. Intensified conversation The conversation on industry standards for blockchain applicat...
20 September 2016
It is always challenging to look for new topics worth mentioning related to blockchain or distributed ledger technology. One issue that needs special attention is financial regulation reporting under blockchain. In June, the European Securities and Markets Authority (ESMA) published a consultation (or discussion) paper “The Distributed Ledger Tech...
16 September 2016 /regulation
Who is not yet convinced of the potential of blockchain? Here is another example showing blockchain is beyond the hype. Early September, the Hyperledger Project, a collaborative cross-industry effort to advance blockchain technology, announced that 17 new companies and organisations have joined, bringing the total number of members to more than 80...
12 September 2016
A new - but important - chapter can be added to the blockchain story. The World Federation of Exchanges , the WFE, recently urgently called for the creation of regulatory sandboxes for distributed ledger technology. This should help industry efforts "to explore and understand the impact of blockchain-based services in the capital markets"...
07 September 2016 /regulation
Recently, I wrote about the results of a poll held by the European Payments Council (EPC) amongst its members on blockchain and its impact on the payments industry. These showed that a great majority (90%) believe blockchain technology could change the industry by 2025. And a quarter of the respondents even think it "will have a more comprehe...
31 August 2016 /payments
While Blockchain is seen by many as a network phenomenon that needs large market participation, collaboration and interoperability to succeed, both R3CEV and a group of four large global banks came with announcements that are at least a bit remarkable. The bank-backed consortium had filed for a patent of Corda (which is contradictory to the need f...
26 August 2016 /payments
We are now 8 months further on in 2016. Blockchain seems to be not a hype anymore but increasingly becoming a reality. What can we learn from what happened in the area of blockchain up till now. Is it possible to make predictions for 2017 and further? Let's give a try! What happened this year? On the basis of the various activities and developm...
20 August 2016
The EPC, the European Payments Council, has published the results of a poll held during this Summer amongst its members in the payments industry about blockchain and its impact by 2015. Being an important representative body of the industry these results should be taken seriously According to the EPC a great majority of the survey respondents, t
16 August 2016 /payments
There is growing consensus amongst major institutions on use cases that blockchain technology can be applied to. While the focus long time has been on payments and the securities industry, trade finance is increasingly mentioned as one of the most promising early use cases for this technology. Blockchain has great potential to renovate and simpli...
15 August 2016
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