22 Results from 2018
Carlo R.W. De Meijer Owner and Economist at MIFSA
At the Blockchain Innovation Conference in Utrecht early June, Wiebe Draaier, the Rabobank chair said that We.Trade, the European trade platform on blockchain, was ready for production. We.Trade, the new name of the earlier Digital Trade Chain Project, is indicated to simplify trade finance processes and increase access to trade finance for SMEs ...
03 July 2018
In this second part of my blog on scalability the main Layer 1 and Layer 2 solutions will be described and judged on their ability to meet the three Scalability Trilemma requirements: scalability, security and decentralisation. Main Layer 1 Solutions SegWit (Bitcoin) Bitcoin developers launched a scalability solution in 2017, called SegWit or se...
18 June 2018
Last week the Dutch Central Bank launched a report on blockchain, in which they concluded that the blockchain technology “fundamentally failed to pass muster as a realistic replacement for current financial market infrastructures”. The Bank found definitive limitations in capacity, efficiency and certainty of payment, that compared unfavourably a...
Trade finance has become one of the top focus issues for blockchain technology use. The number of pilots and other trials that are looking into the opportunities of blockchain technology for trade finance and supply chain have dramatically increased in 2017 and intensified this year. The sheer complexity of trade finance is thereby reflected in th...
23 May 2018 Blockchain Observations
Notwithstanding the large number of blockchain and distributed ledger pilots, there is still a large number of challenges to overcome that are limiting its uptake. Next to scalability, other main issues that should be tackled are integration and interoperability, as they stand in the way of large-scale adoption of blockchain technology. In order t...
30 April 2018
On 10 April, at the EC Digital Day 2018, the European Union made a big step forward towards a great blockchain future. On that date 22 EU member countries have signed a Declaration on the creation of a European Blockchain Partnership. This has been the consequent result of a year hard working by the European Commission. Long time the European Unio...
16 April 2018
Last year we have seen increased blockchain activity across various industries worldwide. This was mirrored in an even greater number of trials, proofs-of-concept and prototypes, as well as the growth of financial consortiums. Financial firms are thereby leading the way. Many banks and other financial institutions have entered the blockchain area...
09 April 2018
Last year I wrote a blog on the Hyperledger project and what that could mean for blockchain acceptance (see my blog: Hyperledger Project: collaboration pays off, 9 April 2017). We are now almost a year later and I am wondering if they are meeting my expectations. "2017 was a milestone year for Hyperledger both for new members and for new techn...
30 March 2018
Blockchain technology enables real-time settlement finality in the securities world. This may mean the end of a number of players in the post trade area. For a long time, central securities depositories (CSDs), as intermediators in the post-trade processing chain, were expected to become obsolete. CSDs, but also other existing players in the post-...
17 March 2018
Almost a year ago I wrote my blog “Blockchain and the Ripple effect: did it Ripple?”. Now twelve months later we may conclude it did. And even more than that. Ripple is making many waves. A lot happened both in broadening their offerings and in enlarging their network. A growing number of banks and payment providers, increasingly join RippleNet, ...
27 February 2018
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