1) Blockchain Tech set to “Overthrow” Current Banking System: ABM AMRO Exec
Blockchain technology is set to “overthrow” the current banking system according to an executive at a Dutch bank. ABN AMRO Bank is working with financial institutions using Hyperledger technology to offer new financial services, including the tokenization of securities.
Speaking at the Blockchain Expo Europe 2018 at the RAI Amsterdam, an executive of the bank told delegates that they are offering FinTech companies blockchain-based bank accounts. Niek Van Rens, Head of Innovation at ABN AMRO Bank, made a keynote speech in which he also discussed the benefits of using blockchain.
Van Rens said: “We created banking as a service solution. We think this is a way we can service new clients, new exchanges, new PSPs with an integrated offering. Our offering is based on a solution for our clients, including brokers. We will allow a fintech company to have a service with a bank account. We don’t service them with a normal bank account but a white label bank account.”
2) TrustLogics Recruitment Platform Wins Stevie Award
Blockchain recruitment service TrustLogics has been named a winner of the American Business Awards, also known as the ‘Stevie Awards’, for its platform which puts professional information on the blockchain to reduce inefficiencies in the hiring process.
A press release from the company described the Stevie Awards as the top honours in the United States for achievement in the workplace.
The TrustLogics recruitment platform facilitates digital authentication of professional data, stores the attested version on the blockchain, and then makes it shareable based on user permissions.
3) Who’s the DADI? UK Blockchain Startup Takes Cloud Services Fight to Amazon and Google
UK blockchain startup DADI on Thursday announced the Beta launch of the DADI network, short for the ‘Decentralized Architecture for a Democratic Internet’.
The organization aims to compete with the likes of Amazon, Microsoft, Google, and IBM to wrest back control of cloud services with a network that is majority owned and powered by members of the public, as opposed to a cloud computing market that is three-quarters owned by just four companies
Users will be able to build, store, and serve content on the DADI network. The organization claims that doing so could create savings of between 50 and 90 percent on the cost of comparable Amazon, Google, IBM, or Microsoft offerings.
4) Are Digital IDs the Start of a Blockchain-Based Service Economy for the Cayman Islands?
Caribbean initial coin offering (ICO) hotspot, the Cayman Islands, last week outlined a timeline for a proposed digital ID system for its population; it aims to have the technology in place within a year.
Premier Alden McLaughlin presented details of the initiative in a speech at the Cayman Islands Digital Economy Conference – CYDEC, while outlining the latest developments in his administration’s drive towards e-Government services.
In addition to being used as a voter ID, driver’s license and to provide access to government services, McLaughlin said the system would provide the best solution to the problem of Caymanians being able to prove their citizenship, in order to gain preferred access to employment, which is a thorny issue in a nation where approximately 50 percent of the population are expatriate workers.
5) Zug, Switzerland, To Pilot Blockchain-Based Voting Pilot
Luxoft Holding, a global IT service provider, has teamed up the City of Zug and the Lucerne University of Applied Sciences in Switzerland to create the first customizable blockchain-based e-voting system to be used by a major economy.
According to a recent press release:
“To drive the adoption of blockchain-based services in government, Luxoft today announces it is committing to open source this platform and is establishing a Blockchain for Government Alliance to promote blockchain use-cases in public institutions.”
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