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At Sibos 2024, Angie Walker, Global Head of Banking and Capital Markets, Chainlink Labs, explored the topics of blockchain and tokenisation and how they are transforming the existing world as well as how the technology creates opportunities for the future.
Emerging tech: High-stakes opportunities The hype surrounding AI, blockchain and quantum computing continues to grow, and for good reason. All of these emerging technologies promise significant potential, as Rio-Tinto explains, but also present new risks. “As with any emerging technology, governance remains essential.
Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency through the innovative use of technology. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”
Valued at $28.93billion in 2024 and set to hit $49.18billion in 2025, according to The Business Research Company , the blockchain market is thriving. While this growth is in part due to the success of the crypto industry, the blockchain industry is not dependent on crypto.
B2B UseCases Are Mushrooming. And, in the digital-first world that has been wrought amid the pandemic, the B2B usecases of moving money beyond the confines of the paper check have been exploding as data and payment need to be matched up seamlessly. UsingTechnology To Solve Key UseCases.
Through this collaboration, Paycode and Algorand will explore integrating public blockchaintechnology to strengthen digital identity systems, improve transparency, and unlock new models for delivering secure, inclusive payments at scale. “Paycode is already reaching some of the most difficult places to serve. .”
Blockchain may have received its most exposure as the distributed ledger technology at the foundation of cryptocurrency exchanges, but its usecases are advancing into other data-driven or supply-chain industries pursuing the Internet of Things.
Valued at $28.93billion in 2024 and set to hit $49.18billion in 2025, according to The Business Research Company , the blockchain market is thriving. While this growth is in part due to the success of the crypto industry, the blockchain industry is not dependent on crypto. Blockchain has not experienced the same rapid growth.
DBS ’ permissioned blockchain was used to automate payments, ensuring that only approved recipients received the grants once the predefined conditions were fulfilled. This pilot reflects ongoing efforts to integrate blockchaintechnology into financial processes, aiming for broader usecases in the future.
Ripple , the blockchain and crypto solution provider, is partnering with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE. It also plans to provide financial, technical, and business support to developers.
Giants like Facebook, JPMorgan Chase and Walmart are all pushing blockchain for myriad usecases, and now Wells Fargo has joined the fray with its own spin on the distributed ledger technology.
This partnership is set to empower African communities, governments, and businesses, and represents a significant step toward realising the shared goal of financial inclusion and economic advancement across Africa, with blockchain and decentralised finance at the forefront of this transformation.
WadzChain Network, a global leader in innovative blockchaintechnology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. The blockchain is perfect for diverse businesses and usecases, from small startups to large enterprises.
Cryptocurrency is a digital currency form that uses cryptographic technology to secure transactions and control the creation of new units. Compared to traditional currencies, cryptocurrencies operate on decentralised networks, often powered by blockchaintechnology. What is Cryptocurrency?
Blockchaintechnology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. Polkadot ‘s unique features make it a powerful interoperability solution.
Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. Following the success of the Immediate State, the Intermediate State phase will expand digital asset usecases.
Think Bluetooth technology but without manual device discovery and pairing. NFC technology can process payments through: Peer-to-peer mode. Usecase: Customers can pay by tapping their smart devices into the vendors NFC-enabled POS. Read/write technology. NFC is a subset of RFID technology. Card emulation.
Treasuries and operates across multiple blockchains. Through this acquisition, Anchorage Digital plans to integrate Mountain Protocols team, technology, and licensing framework to enhance its support for institutional usecases in the stablecoin space. The companys USDM stablecoin is fully backed by U.S.
Despite the real-world usecases being found around blockchain and distributed ledger technology, banks are being warned to be cautious about committing to any such projects.
As more firms look to enter the blockchain and decentralised space, easy integrations and the ability to develop applications are an absolute must. The partnership with Axelar Foundation propels interoperability into the broader blockchain realm. The Axelar Foundation will broaden blockchain adoption by facilitating RWA.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International. This launch underscores how established financial institutions can utilise blockchaintechnology to offer advanced, 24/7 banking services.
Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments. This foundational technology is reshaping how identity, consent, and value are managed in the digital economy, from safeguarding transactions to enabling new economic models.
The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage.
Ant International will be able to use the digital form factor to achieve instant, multi-currency treasury and liquidity management on DBS’ permissioned blockchain for their entities across multiple markets. DBS’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.
Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.
Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. download our best of blockchain research. download our best of blockchain research. But blockchain’s potential extends well beyond crypto and NFTs. First name. Company name. Phone number.
In March 2025, Qatar National Bank (QNB) began leveraging Kinexys Digital Payments (KDP) as its blockchain payment system for USD corporate flows. Kinexys by J.P. By leveraging KDP, SNB will be able to programmatically move funds across its various branches, as well as discharge treasury payment obligations without cut-offs on a 24/7 basis.
With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift. PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base.
It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.
The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. The rise of AI-enabled fraud in the payments sector has become an increasingly significant concern as artificial intelligence and machine learning technologies evolve. What is this article about?
Crypto exchange and Web3 company Bitget has joined forces with UNICEF Luxembourg to advance digital skills and blockchain literacy among young people. Innovation should be a force for inclusion , opening doors, broadening horizons, and ensuring that technology works for everyone, everywhere.”
As blockchain tech gains commercial traction, a growing number of companies want to use it to reimagine the capital markets infrastructure that powers the trade of stocks, bonds, and other securities. The chart above shows the core blockchain tech being used by projects and corporates working on DLT applications for capital markets.
The popularity of cryptocurrency has overshadowed blockchain to the point that a misconception has been formed: blockchain’s sole purpose is to facilitate cryptocurrencies. While this is certainly one blockchainusecase, it has many more that are not being properly utilised due to the public nature of mainstream blockchains.
The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into usingblockchaintechnology to streamline disaster insurance payouts, as well as speed up its response to disasters. Earlier this year, the British Virgin Islands partnered with blockchain firm LIFElabs.io
Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe. Speakers at the event focused on the benefits of blockchaintechnology for companies and lawmakers.
Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in cross-border transactions.
There are two terms seen a lot in juxtaposition to supply chain lately: coronavirus and blockchain. Some new usecases and a new report put blockchain and the supply chain in perspective. That “single version of the truth” (similar to a bank balance) is the blockchain version of trust.
But in the decade since bitcoin’s debut, technologies have evolved in the payments ecosystem that are helping set the stage for cryptos to become more widely adopted. He pointed to the JPM Coin as a key advance in how cryptos might be used to reduce friction inherent in the financial services ecosystem. “We
Plus, blockchain makes new inroads in the B2B arena. One of the latest adopters of Mastercard's Track solution is Transcard , which announced its A2A capabilities wielding Mastercard technology. TOMIA and Clear Embrace Blockchain for Telecom B2B Payments. Canada Taps Vocalink for Real-Time Rail. BitPay Debuts BitPay Send.
On 28 August 2024, HKMA officially launched the Project Ensemble Sandbox, which will test a wide range of tokenisation usecases, including the settlement of tokenised real-world assets (such as green bonds, carbon credits, aircraft, electric vehicle charging stations, and treasury management).
This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo.
Mastercard is collaborating with Bahrain’s Electronic Network for Financial Transactions ( BENEFIT ) to develop a blockchain-powered B2B payments solution, according to a press release Tuesday (July 30). According to reports in TahawulTech, the initiative marks Mastercard’s first national-scale blockchain project in the Middle East.
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