UK consumers are one step closer to using products underpinned by blockchain technology after the financial watchdog said it was considering approving a “small but significant number of firms” using the process behind bitcoin, the cryptocurrency.
A Greenwich Associates report entitled “Securing the Blockchain” revealed that 63% of participating banks viewed confidentiality of transactions as a major concern for blockchain development.
Albeit blockchain allows for transactions to become public knowledge, the technology can also be used to keep accurate information confidential. Various banks around the world see transaction confidentiality as a primary security concern for...
Research from Greenwich Associates released in May, before the Brexit vote, found that, while corporate treasurers knew Brexit would lead to disorder and volatility, “most corporate officers have not taken any actions to minimize the negative...
Blockchain technology is taking the financial institution by storm. As more financial companies continue investing into the technology to bring it to the market it seems hopeful that it could have a major impact in a few years.
"Nobody's been able to hack into the bitcoin blockchain and steal bitcoins," said Richard Johnson, vice president of Greenwich Associates. "In that sense, the blockchain itself is very secure. It has very strong cryptography securing it."
“They’ve come up with a product and a solution that the market likes and wants to use,” said Richard Johnson, a market-structure analyst at Greenwich Associates LLC. “They were doing something when the regulators were doing nothing. But it does...
Financial services firms are still concerned about distributed ledger technology security, with transaction confidentiality a particular worry, according to a new report from Greenwich Associates.
Transaction confidentiality is a major security concern for 63% of the experts and decision-makers at banks globally, according to a new report from Greenwich Associates.
The majority of startups fail. A little googling told me that over 90% fail within three years.
