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Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) announced on Tuesday that it will be joining forces with Blockchain company Waves. Why? Both parties want to develop a distributed ledger technology (DLT) platform that is able to process and handle shipping document submissions. The technology has already commenced the testing stages,
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It’s safe to say financial institutions have financed the disruption of a number of industries over the last 30 odd years. And why is that? It’s because they have an idea of what a revolutionary technology like blockchain can do to static incumbents. So, in order to stay ahead of
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If you are prone to skimming the financial news, you may have noticed the word “blockchain” popping out at you a few times. Perhaps you even read up on the concept, but are still unsure of what exactly blockchain technology is. That’s okay, seeing as blockchain sounds more like the
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By now, you probably have heard of cryptocurrency and bitcoin. And as of late, the term “Blockchain” has made huge waves in the technology sector. There is a considerable amount of hype surrounding blockchain technology, and do you know why that is? It’s because more and more people are finally
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From bird’s eye view, a blockchain might not look that different from things you are already familiar with. With a blockchain, people are able to write entries into a record of information, and users can control how the record of information is updated and amended. Like Wikipedia, entries are not
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Do you know what a digital ledger is? Here’s a hint: there’s no relation to Heath Ledger. Ledgers are the foundation of accounting, and they are about as ancient as money and writing. Since ancient times, ledgers have been at the center of economic transactions. They have been used in
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