Blockchain in financial services
Blockchain is disrupting the financial services sector worldwide among industries, financial institutions and organizations.
Unbanked to big banks: How crypto facilitates financial inclusion
With the advent of Bitcoin and other cryptocurrencies, many are heralding a new age of digital native money that is meant to transcend the physical boundaries of its predecessor. But before we dive into how cryptocurrency is being used today as a new form of money, we must ask the question, “What is money?” This […]
IBM helps launch open standards project: Token Taxonomy Initiative
The potential of tokens on blockchain is big. Really big. The world has already seen the enormous value that’s unlocked when you can digitize cars (Uber, Lyft), homes (Airbnb), freelance work (Handy), and many others. Imagine if you could digitize value? We can start to make transactions instant. We can move beyond payment versus payment […]
For cross-border payments, half the journey is getting there
At some point during a recent 27-hour journey to Singapore I had a realization: Singapore is long way from home and not somewhere you get to by accident from Texas. That might sound rather obvious to anyone with a map, but sometimes experience is the best teacher. The experience of getting from Texas to Singapore […]
Exploring possibilities to disrupt financial services through blockchain
There are over 85,000 financial cooperatives, or credit unions, worldwide. Unlike a bank, these cooperatives are non-profit financial institutions and exist to serve their members. Since these institutions are not-for-profit, their collaborative nature often causes them to work together to achieve the common goal of providing the best service to members, leading to the development […]
Revolutionizing financial settlements in global wholesale telecom
Today, the most significant issue for global wholesale telecom carriers is financial settlements. In order to connect the calls between different countries, at least two carriers, but more likely no less than three carriers, are involved in the international supply chain using voice over internet protocol (VOIP) technology. Many of the participating international carriers are […]
14 banks using we.trade for global trade finance, breaking down trade barriers for business
A shipment of 12 bottles of rare wine moves by truck from a small winery in France to a buyer in Spain. Twenty pieces of office furniture from the U.K. are sold to a German retailer and arrive two weeks later. Transactions like this happen daily, but for many small and medium businesses, the financing […]
Global trade: The role of blockchain-enabled trade finance networks
We are in the fourth industrial revolution, according to the World Economic Forum, with the world’s economy changing shape rapidly since the internet came of age. From influencing consumer preference to meeting consumer demand in a timely manner — meaning, from notification of need to gratification of need — is now at the fore of […]
Blockchain in the Philippines: Revolutionizing supply chain finance
Blockchain technology is poised to revolutionize businesses and change how society operates in the digital economy with an added layer of trust and transparency. It alters the paradigm of how multi-party transactions are performed by enabling a shared, immutable ledger for recording the history of transactions between counter parties in a business network. Around the […]
Hold on tight, Bitcoin is on a roller coaster: Regulate it right
It seems as though every year during the fourth quarter, the value of the cryptocurrency market climbs to extreme mountaintops and plummets below the valley. Investing in cryptocurrency is not for the faint at heart. In fact, I stopped watching my holdings so closely. My poor heart can’t take it. Cryptocurrency, however, is more than […]