financial

Blockchain and letters of guarantee

Paper-intensive financial instruments, especially those that require back-and-forth negotiations between parties, are ripe for digitization and blockchain. Add in the potential for fraud with paper processes, and the rationale for blockchain is even greater. The bank guarantee, or letter of guarantee, is just such an instrument. Bank guarantees facilitate doing business by adding trust to […]

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Passport to innovation: Paving the way to mainstream blockchain adoption

Global payments giants, Visa, is actively ramping up its pursuit of embracing blockchain technology, but will this added brand power form a catalyst for more mainstream adoption? Blockchain is the driving force behind the development of cryptocurrencies. Without a distributed digital ledger, digital coins would be incapable of being the decentralized entities that they are […]

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Is blockchain the toy industry’s path to playing together?

Blockchain struck society like a lightning storm on the plains. Fast and sudden. Over 10 years ago, a whitepaper was produced unveiling the technology and within seven years, families were discussing the topic over dinner, state legislators were passing bills, and CEOs were being asked for a “blockchain plan” by their Board. Some industries moved […]

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Blockchain as an enabler to becoming a cognitive enterprise

Technologies like blockchain, IoT, AI and automation, play a key role in the transformation of organizations to a cognitive enterprise. Interaction with its stakeholder ecosystem is foundational to any enterprise and blockchain solutions make these interactions efficient by optimizing these touchpoints. As we discussed in our previous post, blockchain technology brings trust in transactions by […]

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What is a central bank digital currency?

From bank hackers to a cashier giving you the wrong amount of change, the current financial system is wrought with both technical susceptibilities and human error. By using blockchain technology to build upon the current framework, a central bank digital currency (CBDC) could lead to improvements on the current payments system while reducing overall costs […]

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How blockchain delivers security and trust to startups

Anyone who knows the challenges of making a startup succeed knows that just having a great idea — even a potentially world-changing idea — is no guarantee of success. I founded Cognition Foundry in 2015 to help deserving startups bridge the gaps that can hold them back. We look at our mission as encouraging, empowering […]

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